Ethereum it's look with bullish perspective that could to reach the mark of $3,800 USD. Also to take reference, we see that Ethereum make support in the EMA 200, and also applying the Fibonacci, Ethereum showing us a good zone to buy Ethereum in the 0.382% in Fibonacci level. So, I add Ethereum contract in this trade toward $3,800 USD. I put my SL to $3,110 USD. This will be a risk/benefit of 1:3 and it's excellent proportion to measure our risk vs. benefit.
I hope that this Daily idea support you!!!
I hope that this Daily idea support you!!!
Note
In H4 timeframe, we see that Ethereum forming a symetric triangle and this could be a bull pattern. Meanwhile, in H1 it's make support a up trend line to the upside and we could to find opportunities to long Ethereum too.
Note
I closed up my long in Ethereum as Bitcoin it's dump in H1, so basically Bitcoin will dump and Ethereum dump
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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.