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Hello everyone!! 😀
I hope everyone is having a great time.
Its your friendly neighborhood Lj for your daily Price Analysis of interesting cryptos out there. 😀
For this section, I would like to discuss the current movement and fresh break out of ETH or Ethereum against USD.
This is a very interesting price action to look at at because it already broke its down trendline resistance.
This is a very good indication in my opinion, we can possibly see higher prices.
It also already broke the 250 dollar mark.
The more attractive thing to do here is to wait for a pullback to the resistance that will now become support in the 250 dollar area.
Patience really pays in the long run so its great to have that skill also.
This would also mean that we can put our risk in a very good price.
The potential profit of this set-up also can give us upto 35% if everything pans out, so its good to keep an eye on this one.
But its very important that we have our risk management in place and always invest or trade the money that we are willing to lose.
Till next time guys,
Happy investing and trading. 😀
Cheers!! 😀