Buyers are building the action for a run up to previous highs

New Buy Entry Alert ETHUSD

Time Frame : Daily Chart

Ethereum – ETHUSD

Ethereum is building as buyers are soaking up the selling pressure and readying for a leg up. We may be early so may find price takes a deeper correction so happy to re-assess the action then. For now we expect that a deeper correction in share markets will drive buyers to cryptocurrencies so are happy to buy at 243.00. The Stop Loss will be held at 215.00 if the entry is triggered. If price falls back down prior to entry through 215.00, then we are happy to cancel the entry and re-assess the action.

Crypto Pair : ETHUSD

Current Price : 225.50

New Buy Entry (Trigger Level) : 243.0

Potential Sell Exit Zone (Stop Loss) : 215.00

Status : On watch for a spike up to 250