ЭфириумДлинная
ETHUSD
Today making it the 5th day price is yet to decide on what direction it is heading to, has gradually formed a pennant flag pattern.
This flag is practically a bit away from the pole. The flag as clearly shown above has two different touches at the resistance and on the support level with more rejection wick to the upside.
Moves becomes more valid only when price (body of the candle stick) breaks and closes outside one side of the trend lines, likely to be the upside.
Always wait for price to close before taking a position. More to this current consolidation and impending move, is the bullish div which is giving a clear reversal signal.
VERDICT:
BUY: $127.92
SELL: $134.72 up to $141.60
STOP LOSS:$119.8
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
This flag is practically a bit away from the pole. The flag as clearly shown above has two different touches at the resistance and on the support level with more rejection wick to the upside.
Moves becomes more valid only when price (body of the candle stick) breaks and closes outside one side of the trend lines, likely to be the upside.
Always wait for price to close before taking a position. More to this current consolidation and impending move, is the bullish div which is giving a clear reversal signal.
VERDICT:
BUY: $127.92
SELL: $134.72 up to $141.60
STOP LOSS:$119.8
Risk Disclaimer:
Trading cryptocurrency on margin carries a high level of risk(volatile), and may not be suitable for all trades who are yet to understand how to use STOP LOSS. The high degree of leverage can work against you as well as for you.
It is your responsibility to confirm if you want to take this trade or not. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations.
If you do not fully understand these risks you must seek independent advice from your financial advisor.
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