Featured Article [ETHEREUM: Potential Triangle Pattern Forming]

Ethereum: is currently trading below last week’s high of 320.00 at 285.22. The pullback from 320.00 to as low as 280.00 indicates a potential bearish run. This is evident by the potential triangle pattern that could be forming if Ethereum continues to fall lower. However, crypto-currencies are extremely volatile than most financial asset leading to a bearish trap or false bearish evidence.

Strategy:

Plan A: Sell at 285.00300.00, Target Price 225.00/210.00, Stop Loss 325.00

Plan B: Buy when price is above 325.00, Target Price 370.00/420.00

Daily Chart

Click Here for Interactive Chart

Visit ForexFromBed.com to explore Forex trading ideas and strategy. Check out our latest analysis on USDJPY or our crypto-currency analysis on Bitcoin.

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