Ethereum / TetherUS
Long
Updated

Ethusdt 4hr time frame forming Bullish Cup and Handle pattern

129
almost eady for breakout.

If closes above 2730 in 4hr time frame, may activate the pattern.

2 invalidation areas, for conservative and for aggressive traders. 2600 and 2450.

Targets are 3400 and probably the previous ATH.
Note
snapshot

Possible bounce point, tp area of shorters.

2619 and 2570.

Or buy 0.5% risk at 2619 and another 0.5% risk at 2570.

Stop limit below 2450
Note
snapshot

Bounced,
Trade active
Trade active
Note
snapshot

Bounce on both tp 1 and tp 2

Trade still active but, lack of momentum and making
multiple touch in lower boundary. Seems weak to me.
Trade closed: stop reached
Lack of momentum. Still in box, but in consolidation phase. Stop trading this coin until it broke out of the box.
Note
snapshot

I will wait to form a bullish pattern after it touches this 2 tp area the 2200 and 2050.
Note
If it bounces above the 100 daily MA, it's still in a bullish phase, but if it breaks down below, it may change my perspective.

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