We see a long opportunity in ETH/EUR.
The pair has broken major trendline resistances at multiple points.
Currently tests strong trendline resistance at 840 levels. We see scope for upside on break above.
Technical studies are bullish. We see RSI strength at 70 levels with room to run further.
Momentum studies are bullish and ADX supports trend higher, Bollinger bands are also widening.
814
Support levels - 780 (1H 50-SMA), 751.99 (5-DMA), 725 (Dec 19 high), 651 (20-DMA)
Resistance levels - 840 (trendline), 955 (141.4% Fib extension of ), 1000, 1069 (161.8% Fib extension)
Good to go long on breakout at 840, SL: 780, TP: 900/ 955/ 1000
The pair has broken major trendline resistances at multiple points.
Currently tests strong trendline resistance at 840 levels. We see scope for upside on break above.
Technical studies are bullish. We see RSI strength at 70 levels with room to run further.
Momentum studies are bullish and ADX supports trend higher, Bollinger bands are also widening.
814
Support levels - 780 (1H 50-SMA), 751.99 (5-DMA), 725 (Dec 19 high), 651 (20-DMA)
Resistance levels - 840 (trendline), 955 (141.4% Fib extension of ), 1000, 1069 (161.8% Fib extension)
Good to go long on breakout at 840, SL: 780, TP: 900/ 955/ 1000
Trail Stop loss to 855, bias higher, stay long for 1000.