ETHUSD broke downtrend and started forming triangle pattern, already bounced once, now we are waiting for retracement to the bottom of triangle, and break out at the top and rise till 50% fib zone at 3564 zone, my entry point would be 2579 since there is a 50% fib zone and also it should hit Bollinger band at that point since it did it before (Also if you want even bigger risk to reward ratio you can enter at 2560, but there is more chance to get a breakout down and hit stop loss) and stop loss at 2271, it is more risky entry, since it could be a fake out and it could go back into down trend if you want a safer entry you can wait until it breaks out at the top of the triangle at (2848) and even wait for a retrace back after breakout, to make it as safe as possible but the reward will be significantly lower.
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💥 Free signals and ideas ➡ t.me/vfinvestment
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.