Hello guys thanks for coming by to this update on ETH. In my last update I said we can break the $200 level soon if the resistance trendline is broken. ETH broke the resistance yesterday.
ETH also seems to be having a Golden cross in this 2 hours chart. It did broke above the resistance trendline and waiting for a retest.
BTC pair seems bullish too which will drive the ETH price higher.
We can enter for a long entry on the retest of the rising wedge.
#ENTRY: $197 TO $205.60
TARGETS:
1. $214
2. $219
3. $226
Stop Loss: $192.
This is setup could be highly profitable if we look at the mid term targets and resistance levels.
Mid term:
Resistance:
$227
$238
$261
Look at the chart and observe how I plot my moves as per the chart.
If you like this idea please hit the like button and share your views in the comment section.
Also share my latest BTC update.