4H trend chart/1H trend chart
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As my last idea about ETH
ETH has already overcome the resistance of the long-term downtrend line, and it appropriately got support from the trend line while pullback.
The support level is made of downtrend line and Fib 0.618(around $2855).
Also, it forms an inverse head and shoulders pattern on 1H, so we have 2 sets of TP as below.
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Profit Targets:
4H
a) 3288----Fib(1)
b) 3596.2~3720.8----Fib(1.272~1.382)
c) 3854.5----Fib(1.5)
1H
a) 3057.65----Fib(1.618)
b) 3112.5----Fib(2)
Stop losses:
a) 2576----Red horizontal ray
b) 2856----Red horizontal ray
-
If you like this analysis, smash the "like button" 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!
-
As my last idea about ETH
ETH has already overcome the resistance of the long-term downtrend line, and it appropriately got support from the trend line while pullback.
The support level is made of downtrend line and Fib 0.618(around $2855).
Also, it forms an inverse head and shoulders pattern on 1H, so we have 2 sets of TP as below.
-
Profit Targets:
4H
a) 3288----Fib(1)
b) 3596.2~3720.8----Fib(1.272~1.382)
c) 3854.5----Fib(1.5)
1H
a) 3057.65----Fib(1.618)
b) 3112.5----Fib(2)
Stop losses:
a) 2576----Red horizontal ray
b) 2856----Red horizontal ray
-
If you like this analysis, smash the "like button" 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!
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Related publications
Disclaimer
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🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Related publications
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.