Ethereum (ETH) formed big Cypher for upto 153.5% bullish move
Updated
Hi dear patrons, hope you are well and welcome to the new update on Ethereum coin.
Previously we had a nice short-term trade of Eth:
Now during the current crash, on the weekly time frame chart, ETH has bullish harmonic Cypher pattern for a big bullish reversal move. Right now after completing the final leg it is moved slightly up, therefore, we can wait for the candlesticks to re-enter the buying zone.
There is also 100 simple moving average support in the buying zone. I am expecting that 100 SMA will move up further to provide firm support to the priceline inside the buying zone.
Buy between: $2382 to $1706
Sell between: $3316 to $4330
Stop loss:
Below: $1706.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 153.5%, and the high loss possibility is 29%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Previously we had a nice short-term trade of Eth:
Now during the current crash, on the weekly time frame chart, ETH has bullish harmonic Cypher pattern for a big bullish reversal move. Right now after completing the final leg it is moved slightly up, therefore, we can wait for the candlesticks to re-enter the buying zone.
There is also 100 simple moving average support in the buying zone. I am expecting that 100 SMA will move up further to provide firm support to the priceline inside the buying zone.
Buy between: $2382 to $1706
Sell between: $3316 to $4330
Stop loss:
Below: $1706.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 153.5%, and the high loss possibility is 29%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Trade closed: target reached
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