Hi guys here we have BITFINEX:ETHUSD which we can see is touching a VERY important trend-line dating back to the bull run that started in 2017, also a symmetrical triangle has formed.
After our incredible long last year to new ATH gave us a very similar opportunity!
This was followed by our short which the exit would of been a fantastic buy opportunity.
NOW, Marked in blue is a MAJOR SUPPORT and we will be looking to take advantage of this very high reward , low risk setup!
What this indicator tell you open order stop loss and target ?
UncannyDeduction
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Lol, no comments here. Then I'm the first. I think it's too early for that bull. Resistance at $625, maybe it goes all the way to $800 short term. But I can't see it go above $800 for now.