Ethereum
Long
Aggiornato

Sizable upside possible on weekly close above 2880$

390
Pretty nice weekly setup on Ethereum.

* Price above MA20/W
* RSI / Stoch RSI on the rise.
* MACD about to crossover

A weekly close on volume above Par SAR (about 2882$ currently, falling) would signal inversion and prefigure a quick move towards 3300-3400$ area, edge of upper Bollinger band.

In case such scenario happens, let's have a look at monthly picture.

istantanea

As you may notice, price is currently consolidating at support. A move up on W assisted by volume would likely ignite a stronger move toward 3800-4000$ area within few months.

Meaning a (conservative) 30% upside.
Watch it closely.
Trade attivo
For sake of completeness: (short term) invalidation in case of rejection and weekly close below MA20/W (about 2736$)
Nota
This was meant to be a note, sorry.
Actuale entry signal would be a close above 2880$ (and inherently Par SAR inversion), as I wrote above.
Nota
Par SAR inversion achieved already.
Watch weekly close.
Trade chiuso: obiettivo raggiunto
First target reached already.

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