Ethereum $ETHUSD Long Setup
Technical Analysis :
Bullish divergence on the MACD histogram indicating upward momentum building up, it seems like we will fill the CME gap on the bitcoin chart @ around 9250$.
Stop loss would be at the neckline of the head and houlders/200 MA, which is at around 198.5$. Overall I think the trend is bearish but will see a short term breather to the upside. Feel free to share your thoughts, cheers.
Price is also forming a falling wedge on the Bitcoin chart, so if we see a breakout we can go more aggressively on this trade. As always manage your risk and good luck.
Bullish divergence on the MACD histogram indicating upward momentum building up, it seems like we will fill the CME gap on the bitcoin chart @ around 9250$.
Stop loss would be at the neckline of the head and houlders/200 MA, which is at around 198.5$. Overall I think the trend is bearish but will see a short term breather to the upside. Feel free to share your thoughts, cheers.
Price is also forming a falling wedge on the Bitcoin chart, so if we see a breakout we can go more aggressively on this trade. As always manage your risk and good luck.
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