Mihai_Iacob

Ethereum- A probable 20% rise

Long
Mihai_Iacob Updated   
BITSTAMP:ETHUSD   Ethereum

After reaching a peak above $2700 and experiencing a typical correction, ETHUSD performed well technically. It remained above the support levels between $2150-2200 and yesterday, it finally broke through the $2400 resistance.

The current outlook for EthUsd is strongly bullish. As long as the price stays above the $2400 zone, we can anticipate a continuation of the upward trend with a target set at $3000. Moreover, such a trade would offer a risk-to-reward ratio of more than 1:3.
Trade closed: target reached:
My 3k target zone was hit yesterday and I closed my trade at 2950
Comment:
Although I closed my trade at 2950, even my 3k target was hit.
In any case, as in BTC's situation, I expect a correction here also.
I'm looking to sell above 3k with a target at 2750

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.