ETH has been doing well vs. BTC in the ascending channel. In line with our predictions for BTC we also predict ETH ranging upwards over the next few days. The recent pullback provides a good entry for us.
This trade is highly contingent on the price of BTC. If BTC retraces passed 6400 then we will also consider this closing this trade. This is a short term trade. We still believe ETH has the potential to hit the low 400s. Use capital management and adjust the size of your position to suit your risk tolerance.
Buy: 510 - 520
Target 1: 541.57
Target 2: 571.21
Target 3: 594.18
Target 4: 646.28
Stoploss: 498
This trade is highly contingent on the price of BTC. If BTC retraces passed 6400 then we will also consider this closing this trade. This is a short term trade. We still believe ETH has the potential to hit the low 400s. Use capital management and adjust the size of your position to suit your risk tolerance.
Buy: 510 - 520
Target 1: 541.57
Target 2: 571.21
Target 3: 594.18
Target 4: 646.28
Stoploss: 498