Ethereum: Buying Opportunity from Key Support
The price action could form an ascending price channel. We can expect the price will continue the upside movement in the borders on this channel.
Now the price is at the support zone formed by 230USD support, SMA200, and the local uptrend line. The bullish candle gives a buy signal with stop orders below 230USD and the profit target at 250USD.
For buyers, it is very important to keep the price above 230USD area, because in another way we will get us a solid bearish signal.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
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.
Now the price is at the support zone formed by 230USD support, SMA200, and the local uptrend line. The bullish candle gives a buy signal with stop orders below 230USD and the profit target at 250USD.
For buyers, it is very important to keep the price above 230USD area, because in another way we will get us a solid bearish signal.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
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.
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