$ETH/USDT 4h (#BinanceFutures) Descending channel on support
Ethereum looks good for a bounce back on demand zone / 200MA for a move towards 50MA.
Current Price= 3074.42
Buy Entry = 3074.01 - 3000.33
Take Profit= 3215.95 | 3350.59 | 3455.31
Stop Loss= 2887.57
Risk/Reward= 1:1.2 | 1:2.1 | 1:2.8
Expected Profit= +17.67% | +30.96% | +41.31%
Possible Loss= -14.79%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Tags: #ETH #ETHUSDT #Altcoin #PoW #Mining #Eth2 #PoS #Staking #SC #DApp #Governance #DeFi #BSC #BC #SolEco
Website: ethereum.org
Contracts:
#Mainnet
#BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8
#BEP2 ETH-1C9
#SPL 2FPyTwcZLUg1MDrwsyoP4D6s1tM7hAkHYRjkNb5w6Pxk
[...]
Current Price= 3074.42
Buy Entry = 3074.01 - 3000.33
Take Profit= 3215.95 | 3350.59 | 3455.31
Stop Loss= 2887.57
Risk/Reward= 1:1.2 | 1:2.1 | 1:2.8
Expected Profit= +17.67% | +30.96% | +41.31%
Possible Loss= -14.79%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Tags: #ETH #ETHUSDT #Altcoin #PoW #Mining #Eth2 #PoS #Staking #SC #DApp #Governance #DeFi #BSC #BC #SolEco
Website: ethereum.org
Contracts:
#Mainnet
#BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8
#BEP2 ETH-1C9
#SPL 2FPyTwcZLUg1MDrwsyoP4D6s1tM7hAkHYRjkNb5w6Pxk
[...]
Trade active
All entries filledEthereum did not bounce on channel but found support slightly lower and RSI looks oversold.
Trade closed: stop reached
SL was hit with -14.79% (3x) and -1REthereum stop hunted us on that last wick down then bounced back to entry, that's too bad.
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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.