So there’s an ichimoku buy signal on the ethereum daily chart. When the faster span crosses over the slower one, (doesn’t let me use japanese words) and the current candles are over the cloud, this indicates a buy signal. The lagging span should ideally be above the corresponding price action. In this case it almost is.
Other than the indicators, we have a bull pennant looking shape. as well as a cup and handle looking pattern. The trade is to buy here targeting new all time highs for ethereum. This also depends on bitcoin. If bitcoin goes up, I am very certain this will happen.
Not telling you a stop loss or anything.
Not financial advice
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