ETH/USDT 3h (Binance Fut.) Descending channel breakout
If you keep missing out with Ethereum, you'd better do something about it!
This is another clear break-out to me and it could go for a new local high.
Current Price= 407.59
Buy Entry= 407.60 - 396.00
Take Profit= 433.15 | 469.65 | 497.47
Stop Loss= 375.74
Risk/Reward= 1:1.2 | 1:2.6 | 1:3.67
Expected Profit= +25.96% | +67.56% | +95.24%
Possible Loss= -25.96%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 4x
Estimated Gain-time= 240h
This is another clear break-out to me and it could go for a new local high.
Current Price= 407.59
Buy Entry= 407.60 - 396.00
Take Profit= 433.15 | 469.65 | 497.47
Stop Loss= 375.74
Risk/Reward= 1:1.2 | 1:2.6 | 1:3.67
Expected Profit= +25.96% | +67.56% | +95.24%
Possible Loss= -25.96%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 4x
Estimated Gain-time= 240h
Trade active
All entries filled and bounced on ascending channel support so far.Trade closed: stop reached
Support did not hold at last, Stop Loss was hit with -25.96%, sorry about that!Note
If you want to short it now, I made a new private idea:
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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.