Moshin_GW

$ETH/USD Ready to soar, expect to rise!

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BITSTAMP:ETHUSD   イーサリアム/米ドル
Regarding ETH, we have shown an analysis that it will rise for some time, but expectations for a further rise are rising here.

First, about the convergence of each moving average line. Trends occur from the convergence of the moving average to the diffusion, and this is exactly the point.
In addition, since it is firmly supported by 20MA recently, it is easy to assume a scenario in which the moving average line spreads as it rises and an upward trend occurs.

Regarding the strategy, I would like to divide the entry from the current price ($405).
The loss cut point is set near $375 where the convergence of each moving average line and the consciousness line overlap, and if it is returned to this point, an additional entry will be made.
The profit target is $ 480, which is the latest high. There is a possibility of a backlash here, so I would like to carefully consider the profitability.
If it rebounds at $ 480, it will form an ascending triangle with the uptrend line that will continue from March 2020 and the $ 480 line, and further rise is expected.

Since Bitcoin is raising ahead, I would like to build a strategy centered on long rather than short.

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