EthanTW

ETHUSD - Entry timing for 2 Traders!

Viés de alta
BYBIT:ETHUSD   None
BYBIT:ETHUSD
4H trend chart

ETH is consolidating as presumed, and left a long tail at neckline which I marked on last post(link as below)
-
During this period of consolidation, it retested the support zone many times and formed a short-term downtrend line on 4H chart.
So we can presume this support level works.
-
For Aggressive traders
You can take entry while this downtrend line broken out
or
price retested the neckline again.

For Conservative traders
Keeps waiting till price stands firm at $4035.59(which is the completion of Handle pattern)
-
Targets
As our setup
Profit targets:
a) 4035.5----Fib(1)
b) 4666.45~4921.65----Fib(1.272~1.382)
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
-
Let's see where ETH can bring us to!
-
If you like this analysis, give it a like and leave a comment below to share your thoughts
or let me know what crypto you want to see!


Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!


🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.