The pair has suffered a massive dump a few days ago. This could very well mean cheap prices for us! And indeed: I just got a signal from my 8H private indicator, built upon an Heikin Ashi Strategy (on the right). Honestly if you look at the H.A. chart, the trade is obvious, we have a nice bullish candle and it's already followed by another.
On top of that, my 4H strategy (on the left), which is built on Parabolic Stop And Reverse, also triggered a long signal!
On this one I will use a 4% trailing stop loss.
As always, we keep an eye on the leader BTC.
ETH tends to rise when BTC either climbs or goes sideways. This is not always the case, but it is what happened in the past months. The current chart is confirming the idea.
I hope you like the setup, I will update the trade whatever happens!