Hi, to my analysis.
We have another perfect bullish setup at my analysis,
this is continuation from all my previous analysis on ETH.
ETH break up symmetrical triangle pattern, this mean bullish still perform with a strong wave.
target for symmertical triangle pattern at $2,316.
My trading plan is simple,
wait after we have pullback at :
Fibonacci 0.256 same level as previous high at $2,053
Fibonacci 0.382 same level at CSR at $2,030
or you may enter now at current price.
If we have a new pattern at lower timeframe or any key level, I will update this chart.
This analysis is my last analysis for this bullish wave at ETH, the reason for that is simple,
better updating than post a new analysis.
So make sure you support this analysis to get notification on every update.
We have another perfect bullish setup at my analysis,
this is continuation from all my previous analysis on ETH.
target for symmertical triangle pattern at $2,316.
My trading plan is simple,
wait after we have pullback at :
Fibonacci 0.256 same level as previous high at $2,053
Fibonacci 0.382 same level at CSR at $2,030
or you may enter now at current price.
If we have a new pattern at lower timeframe or any key level, I will update this chart.
This analysis is my last analysis for this bullish wave at ETH, the reason for that is simple,
better updating than post a new analysis.
So make sure you support this analysis to get notification on every update.
Note
Fibonacci 0.236 same level as previous high at $2,053 skip,..bearish still strong
Note
bullish confirmation break up with a strong candle. little pumpNote
get ready for little high volatileNote
Previous little pump create a new channel upWe have multiple support here, with no any bearish pattern for now.
one more bullish wave, then we are ready to reach targeted profit.
Its already 3 A.M. Here, time to sleep.
Btw,
If you can see on the chart that its going to be pump 1 hour before it happen, what will you do??
share your comment ^_^
Note
candle is not strong enough, but it close with bullish.I have a special method to analyze are next close candle will be bullish or bearish,
and that method are a holygrail for scalper and especially for an option trader.
Maybe I should make a particular posting for this ;)
share your opinion below or you can PM me ^_^
Note
mornin all, and happy sunday.today I make a change to my chart :
1. Channel up change to expanding channel
2. I delete ABCD fibonacci pattern, and use negative fibonacci *same result
I do that because I like simplicity.
Why should I draw a complicated chart with with many lines and a lot of trading indicators make my chart look good, look smarter, look more professional, but in the end, it doesn't help to read market movement.
So I make it more simple with key level and trend direction only.
Note
I will offline for next few hour,prepare for little high volatile in a few next candle.
Trade active
sorry for late update,Yup we have a good volatile with a good candle volume,.
I will add my long position with 25% of my 1st buy at $2086.48 or around expanding channel up support.
We have our 1st resistance at $2128, this resistance are previous higher high.
we have no other resistance, so we are good to reach our target.
If you have any question about any crypto, do not hesitate to DM for quick respond.
Note
prepare for small pumpTrade closed: stop reached
sadly, BTC dump ruin our plan here, bearish confirmation touch,. I will continue to make new ETH analysis if BTC dump over.check on my profile to see my BTC dump analysis
Note
are we need to follow that bearish with detail in every movement?or wait at support to post a new analysis?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.