This is a straightforward analysis. Ethereum has been trading in an ascending parallel channel for 6 weeks now. As long as this pattern stays valid, ETH is a long at the bottom and short at the top of the channel, repeat. Round numbers support is 2450 and resistance is 2750.
Trade idea:
Long: 2530
Profit: 2750
Stop: 2450
Trade idea:
Long: 2530
Profit: 2750
Stop: 2450
Note
New trade setup:Long: 2400
Profit: 2800
Stop: 2320
Note
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.