ETHBEARUSDT trade ideas
long on eth above the breakout candel with 1:4 rewardlong on eth above the breakout candel with 1:4 reward with sl on closing basis of candel on shared TimeFrame
current scenario for ETHcurrent scenario for ETH
breakout or breakdown, we can catch a big move at the completion of this pattern
looking at the bullish pressure we expect a breakout
💡 Don't miss the great buy opportunity in Ethereum/TetherUSTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1059.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/TetherUS ETHUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1190.0
TP2= @ 1262.2
TP3= @ 1335.4
TP4= @ 1440.6
TP5= @ 1500.0
SL= Break below S2
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