EthanTW

ETHUSD - Golden entry after this Correction!

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BYBIT:ETHUSD   None
BYBIT:ETHUSD
Left: 1D trend chart Right: 1H trend chart
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The whole market is encountering pullback, but we can still discover some good entry timing while falling.
From my previous analysis, ETH is building a big Cup and Handle pattern.(refer to link as below)
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Now, an appropriate correction is working, and we can see price is still on the uptrend(orange line).
Also, ETH is consolidating as a bull flag in 1H chart.

Therefore, we predict the Golden entry timing is gonna happen.
And price will satisfy these 3 conditions.
1. Gets support from orange line
2. Retest and stand firm on the top of handle(around 4035.5)
3. Break out the wedge

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3. Trading Strategy
Profit targets:
a) 4035.5----Fib(1)--->Already Hit!
b) 4666.45~4921.65----Fib(1.272~1.382)
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
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Let's see where ETH can bring us to!
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