ETH Long setup
Updated
Estimated entry range: $172.5-171.75
Invalidation level: $161.3
Estimated Take Profit Range: $189.9-195.3
Ascending Triangle formation. Price slowly suppressing the resistance on the 4H chart.
Test of support level after breakout will trigger a Long signal.
Volume keeps rising and our previous note about distribution takes place.
More likely 4H Supply will reject the price immediately.
Invalidation level: $161.3
Estimated Take Profit Range: $189.9-195.3
Ascending Triangle formation. Price slowly suppressing the resistance on the 4H chart.
Test of support level after breakout will trigger a Long signal.
Volume keeps rising and our previous note about distribution takes place.
More likely 4H Supply will reject the price immediately.
Trade closed manually
Closed manually in profit in Free Channel.
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