Thought I would post an update on ETHUSD trending, we have just gone past the support which was at 3900.00 which we tested a few times during yesterdays drop. It did not break this level and has not deccelerated so as suggested, we will now enter a long as we are in an uptrend positioning...
The MA lines are above the EMA and Eth is looking healthy on our 1 hr chart. it has just a few minutes ago retested the resistance at 4100 or so and now according to the linear trend we are headed for 4150.00, if it meets this point and accelerates towards the Upward channel then the TP point would be at 4398.00 at which we will see how it is progressing on the channel again.
For now the MACD average has not turned above the EMA 9 line looking at the 1 hr , 30 minutes chart however on the 4 hour we are still Bullish and oscillators are neutral ...
The Call for ETH Long signal entry at 4150 TP At 4398.
Thanks and please like and share
The MA lines are above the EMA and Eth is looking healthy on our 1 hr chart. it has just a few minutes ago retested the resistance at 4100 or so and now according to the linear trend we are headed for 4150.00, if it meets this point and accelerates towards the Upward channel then the TP point would be at 4398.00 at which we will see how it is progressing on the channel again.
For now the MACD average has not turned above the EMA 9 line looking at the 1 hr , 30 minutes chart however on the 4 hour we are still Bullish and oscillators are neutral ...
The Call for ETH Long signal entry at 4150 TP At 4398.
Thanks and please like and share
Trade closed: target reached:
Target reached as predicted we TP at just under our target at $4379