ETHBULLUSDT trade ideas
ETH reaching towards ath as discussed in the last eth chart out triangle broke upwards and we hit all our targets
now as you see we may play a short trade for little profit because of the resistance line of that channel.
SHORT
entry: 1390
Exit: 1320 (1330 for safer side)
according to my chart analysis, the chances of ETH reaching 1500 is very high in the next 4-6 days
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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