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Ethereum : opportunity to make Profit !

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

There are several classic trading strategies: trade by breakout of key levels and buy/sell from supports/resistances.

Mid-term ETH in an uptrend, we see a triangle formation after a impulsed upward movement. The peak of the impulse has reached its resistance zone .
Locally ETH has a bullish divergence by Stoch RSI which is oversold and the price is near the local support zone . Good opportunity for long pos with a small stop loss.

  • The resistance zone ~ $197-200
  • The support zone ~ $160-155
  • The local support zone ~ $185

    Supposed Trade Signal by ETH/USD
  • Buy near $184
  • Take profit ~ $193.5 , $197.5 , $220
  • Stop loss at $179

    In case of hit our stop - we can reverse our pos to short with target of $169.

  • Market Cap
    $20 480 528 583 USD
  • Volume (24h)
    $9 141 647 916 USD/b]
  • Circulating Supply
    108 457 917 ETH

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

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GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
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.

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