ETHUSDT[4H trend chart]
-
1) Strong support from uptrend line
2) Downtrend line was broke out
3) Vegas_12ema was broke out
-
Profit Targets:
1) 3163-----Around resistance zone
2) 3285.35-----Next Downtrend line and Reverse Fib(0.382) level
Stop losses:
1) 2780-----Green horizontal ray
Note
Price touched 2780 and left a low shadow line; Therefore, stop loss didn't trigger.Next, should notice a downtrend line might be a resistance around 3000 and now ETHUSDT is close to it.
So you guys could take a profit anytime if you want, or could wait for TP(1) 3163.
Have a good trading day.
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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)
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.