Ethereum near the key level for a Bullish trend !

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview ETH/USD.

What do you expect from Ethereum ?

Ethereum approached to the resistance and we already have quite a few prerequisites for a long position, but still don't forget that we are in a bearish flag , whose goals are visible on the chart.
The Aligator indicator is directed towards the bulls, but this is still an insignificant signal, since we are near a strong zone of intersection of resistances.

Some of the latest news:

Over $ 1.4 trillion class action lawsuit filed against Tether and Bitfinex.
What can be expected? Panic sale of USDT, most of it will be transferred to cryptocurrency, less to fiat.

Currently, we adhere to a Neutral position on ETH and are waiting until the price:
1) breaks $ 186 up, and we will start seeking for the bullish entry;
2) breaks the support line of the channel with aims of red points at the chart.

Share your thoughts, ideas about the market under the chart.

Watch for our Updates to be the first who gets well-timed signals !


This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Oct 10
Trade active: bullish scenario, broke the resistance level
Oct 14
Trade active


Nice one thanks.
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