Trade ideas
[b]Trading suggestion:[/b] ". There is a possibility of temporarTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1345).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Ethereum/TetherUS is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1438
TP2= @ 1540
TP3= @ 1700
TP4= @ 1850
TP5= @ 2000
SL= Break below S2
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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
