ETHEREUM - LONG - TARGET 4645 USD

Hello traders,

Here is a new update for Ethereum which has broken out of the medium-term upward trend channel.
Ethereum has broken out to the upside with more than above average volume so I think the rise is sustainable. The targets for ETH are now:

-> Target 1 3692 USD

-> Target 2 4276 USD

-> Target 3 4645 USD

Support is now found in the ascending trend channel in case of a correction.
Stops below the previous swing lows of course depending on your timeframe and Risk Reward and money management.
A very important level which I use in my trading is always the 50% fib retracement level. Currently at 2816 USD but changes as we go up even more with ETH. Watch this level in case of a correction.

Discalaimer: this is not a trading advice but purely my personal view on this fund.

評論:

We see that the RSI is at a very high level but as you aready know, price can continue to rise even at this levels. In that case we probably form a divergence which then can result in a correction. The RSI is a very valuable indicator to watch.
Note also the difference from the the price and the MA's.

評論:

You can see here how the price is flirting with the upperboundery of the trendchannel but it did not close below it on the 2 hour time frame chart.

評論:

Hello traders,

Please keep a close eye on Bitcoin's roadmap as it is hugely important for ALT COINS and the rest of the crypto market.
I have a link here to Bitcoin's Roadmap.

We are still caught between Target 1 and Support 1 with Bitcoin. We'll have to wait and see how Bitcoin develops further but in the meantime this is good news for ALT coins. As long as BTC moves wonky the ALTS can continue to rise but always keep an eye on this chart to see exactly where we are! Trade safe and use always stops!

評論:

Traders, keep an eye on Ethereum. It is making a few nasty divergences. That could lead to a short time correction.
I will sell 70% here of my profits to buy back later.

手動結束交易

評論:

Traders please check the chart below and I would like to hear your opinion!
Trade Safe!

評論:

Traders, to make it clear. I am still very bullish on Ethereum. But we never go straight to targets. We move in waves and corrections. I am again a buyer for Ethereum at 2800 USD and my first target would be 3500 USD. After that we see if and how ETH manages to break its last all time high. A breakout with high volume and a retest and we can go much higher!

評論:

Traders,
First target hit at 3693 USD.
We will seen the other targets soon!

Happy trading

評論:

Target from 4000 within a few day's posible.