CapitalHillFX

Buy Setup On ETHUSD

Long
BITSTAMP:ETHUSD   Ethereum
Looking back at EthUsd analysis for third time this week, we could notice that bullish rejection is starting to become present around the level of interest. Although I had identified another signficant level that was around 2,800, for now it seems like for price is reacting well with the zone it's currently rejecting away from.

I would wait an hour and a half for the daily candle closure just to add confirmation to the bullish momentum upholding. But it seems like we could have a potential upside rally in the near future. Let's see how the candle closes.

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