| This article analyzes ethereum's price against the dollar on September 11. The full analysis is at https://www.forexlive.com/technical-analysis/ethereum-technical-analysis-trade-idea-20220911/ Daily time frame channel bull flag. Green arrows in the video indicate the lower frequency band, while red arrows indicate the higher. Cryptocurrencies are recovering alongside the stock market. Even temporarily, it's tradeable. Since the recent rally is no longer in its early stages, finding a good trade idea is difficult. I'll give you one anyway. Get filled at a lower price and then make a 2:1 Long trade. Traders set stop losses near the daily 20 EMA. Institutions want to stop by, so we'll fill our order there. Minimum purchase: $1636.42. This trade has a 2-1 risk-to-reward ratio with a stop loss at $1457 and take profit at $1995. High-risk Ethereum trading is at your own risk only. Please visit ForexLive.com again soon for more analysis. |
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