ETHUSD Long Possibility Above 158

18 ธ.ค. 2019

As BTCUSD seems to have formed a double bottom bullish pattern (pending break of 7800 resistance for confirmation). There is an ETHUSD trade possibility above 158 resistance zone. The 4hrly on ETHUSD is also currently showing a bullish divergence. Refer to BTCUSD chart for more on how both ETHUSD and BTCUSD are currently showing bullish patterns. As BTCUSD and ETHUSD are correlated in terms of price movements there is also a possibility for a long at this current price with tight stop losses, however that would be a riskier trade at this moment as both have yet to have confirmations on trend reversal. Take note this is only an observation and opinion, nothing is 100% trade with care and only with what you can afford to lose! Good luck!