The pair has reached a very important KEY AREA on the daily chart, but the main trend remains still bearish, we have already said that our TARGET for 2019 is around 540$ (see chart below), but now we try to understand how the trend could become bullish in the short term. Our strategy is very simple here, we expect a first rally above 192, and if we are lucky to see a pullback from this area, we will try to take a long positionaftery correctly calculating the entry area.
2019 TARGET
![[ETHUSD] SIMPLE BULLISH SETUP](https://tradingview.sweetlogin.com/proxy-s3/s/sU0MBFbi_mid.png)
Why this strategy? Look at chart below (...and don't forget your Like! :) )
INTRADAY ANALYSIS
![[ETHUSD] 2019 FORECAST (Part 1)](https://tradingview.sweetlogin.com/proxy-s3/e/e7hD4B9e_mid.png)
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2019 TARGET
Why this strategy? Look at chart below (...and don't forget your Like! :) )
INTRADAY ANALYSIS
If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button and you will support our work!
Thank you for support and trade with care!
Note
"...no rally.... no bullish position...." ;)
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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.
Related publications
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.