ETH/USD : The currency pair on 22nd June have formed a Hammer at lower level which indicates a change in trend.

The Next the day the seller and the buyer were not ready to give away easily so we found a doji formation, 3rd day the stock opened near the close of the previous day and closed above the open indicating bullishness.

On the 4th day we saw selling pressure coming which did not follow next day, instead we saw a close above previous four candles which indicates a breakout.

Since that we are seeing a good move upside. Recently the stock is trading at its Resistance Zone.

If we go back to 26th April 2021 the pair closed at the same level and the window was seeing which was not filled for a long time so the window is a very strong Resistance Zone.

Once we see a close above the Resistance Zone we might see a very good move coming on the upside till the time keep an alert on the pair good opportunity in hand.

Advice : Buy above Resistance Zone SL 1% below Resistance Zone.

Buying Opportunity

Jul 07 2021

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