ETH Swing Trade – 1 Week 17% Gains
As a result of the 16 per cent drop in the BTC Market, a lot of other Cryptocurrency coins have gone on a sale. ETH has dropped from its May 20th Highs of 0.85 to the lowest level which was 0.071.
The 6H HTF illustrates that the lowest swing low from today will be 0.07250 as a result of any wick being rejected by the 55EMA line. These successive rejections of previous lows illustrates a higher higher and a lower higher – meaning a bullish sentiment is about to come. On the 1D HTF Chart – it looks like it will dump to the 0.07250 which will then again be rejected by the 55EMA line.
Nouvive highly recommends a long from 0.0725-0.0735 with a Saudi stop loss at 0.07185. A Cross Leverage with a Saudi Stop Loss will represent a risk level of 10 per cent and a profit level of 171%.
Nouvive recommends a profit take 0.0845.
A timeline of 2 Weeks has been given for this minimum 150% strategy.
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