Ethereum Important Levels and Trade Zone
Updated
Chart - Heikin Ashi
Timeframe - 4H
Resistance Zone - 1635 to 1647
20 ema - 1634.25
50 ema - 1643.36
100 ema - 1664.89
200 ema - 1710.45
Fib Retracement :- 38.20% level 1732.88
50% level 1789.44
Note :- The breakout of 1647 level will also give us the breakout of 20 ema and 50 ema.
Trade Setup :-
1. Enter on the breakout of 1647 level
2. 1st Target is 1732.88 (Fib retracement level of 38.20%)
Exit half the quantity on the first target and leave the other half for the second target with a
trailing stoploss of 1710.
3. 2nd Target is 1789.44 (Fib retracement level of 50%)
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes only.
Thanks
Sardar Simranjit Singh Virdi
Timeframe - 4H
Resistance Zone - 1635 to 1647
20 ema - 1634.25
50 ema - 1643.36
100 ema - 1664.89
200 ema - 1710.45
Fib Retracement :- 38.20% level 1732.88
50% level 1789.44
Note :- The breakout of 1647 level will also give us the breakout of 20 ema and 50 ema.
Trade Setup :-
1. Enter on the breakout of 1647 level
2. 1st Target is 1732.88 (Fib retracement level of 38.20%)
Exit half the quantity on the first target and leave the other half for the second target with a
trailing stoploss of 1710.
3. 2nd Target is 1789.44 (Fib retracement level of 50%)
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is for educational purposes only.
Thanks
Sardar Simranjit Singh Virdi
Note
Breakout of the Resistance zone upper level of 1647.Now the price will try to test the levels of 200 ema.
I entered with the first half quantity in 1645.
My technical stoploss is 1635 and my maximum stoploss level is 1620.
Trade active
The analysis and the updates are based on 4H Heikin Ashi chart.Trade - Swing
Trade active
Two red HA candles were formed but no signs of weakness. The market is testing my patience. The price has triggered my technical stoploss but I hold my position upto my maximum stoploss level.Trade closed: stop reached
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.