Ethereum: How to Catch The Bullish Trend

١٠ سبتمبر ٢٠٢٠

If we look at the daily chart of Ethereum, we will be able to say that the solid bullish trend. In spite of a correction movement from 490$, we have a workable bullish structure and after the correction, we should expect a new wave in the direction of the main trend. We could open long positions using the hourly timeframes and reversal signals at 300$ support. If you missed those trade opportunities, now we should wait for a new reversal signal from 300$ support or a breakout above 360$ resistance and SMA50. If the price can pass through such a resistance zone, it will be a solid bullish signal. It will tell us that buyers are in play and they are strong enough to push the price upward.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.