#ETHUSDT Printing a strong Hammer ! Target $4800+, Here's why..

Apr 25, 2022

ETH broke out and retested perfectly.
Looking at the daily chart, It seems the market is ready to pump from here.
DOJI:- If the Doji forms in an uptrend or downtrend, this is normally seen as significant, as it is a signal that the buyers are losing conviction when formed in an uptrend and a signal that sellers are losing conviction if seen in a downtrend.
All we need is daily to close with a beautiful hammer.
The potential target for the pattern will be somewhere around 4k.
Suggested the best buying range around this level in my last chart.

SUGGESTED ACTION:- Although you should always DYOR, This is what I will do,
Though I already spot longed on ETH, For leverage positions, I'll wait for a strong DOJI close above the trendline and open a long around $2800 to 2920.Aggressive entry in case ETH takes over both 21D and 50D MA daily.

SL:- I will close my long in case we break and close below $2677.
This is a good trade setup giving us 1:8+ RR which is amazing.


INVALIDATION:- Close below the black support trendline will invalidate the chart.

Let me know what you think.
DO hit the like button and share your views in the comment section.

Thank you

#PEACE