Arazmajeed

ETHUSD 4H : Support further rise

Long
Arazmajeed Updated   
EIGHTCAP:ETHUSD   Ethereum
ETHUSD

New forecast

The price of Ethereum is fluctuating within the sideways path shown in the image, waiting for positive momentum that will contribute to pushing the price to resume the expected upward trend to stabilized above 1844 level , by breaching that level our targets will be activate ,and our next main target is at 1885 and extend to 1943.

Therefore the upward trend will be remain valid and effective and Moving average 50 continues to support the suggested bullish wave, which will remain in place unless the 1735 level is broken and holds below it.

The expect range trading for today will be between resistance line 1761 and support line 1844 until stabilized .

support line : 1761 , 1735 ,
resistance line : 1844 , 1885

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
ETHUSD

The price perfectly fulfills my last idea and price reached to our target


Update


The price of Ethereum rose up after broke the resistance at 1844 level so we expect the upward scenario will be remain valid during coming period supported by moving average 50 that is continues supported the price to rise up , waiting for positive impulse to pushing the price to stable above 1890 and then will help the price to achieve our targets .and our next target will be 1943 .
which will remain in place unless the 1844 level is broken and holds below it.

The expect range trading for today will be between resistance line 1943 and support line 1844 until stabilized .

support line : 1844 ,1761
resistance line : 1890 ,1943

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️

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