Ethereum Important Levels and Trade Zone

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

Comment:

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