ETHEREUM - Short-Term Analysis (Channel)
Updated
The price of Ethereum (ETH) was moving in an ascending channel, which broke during a drop in the whole market.
Usually we use the trend lines of the channel to swing-trade from the bottom (Support) to the top (Resistance), as shown in my previous ETH ideas.
In combination with certain indicators, zones and further trend lines, this is a very easy way to stay profitable.
The recent swing highs and swing lows might form another descending channel.
As mentioned earlier this day in my Discord Channel, we will open a position (short) as follows:
Entry: 189.00 or above
Target I: 183.00
Target II: 179.00
Leverage: 10x
I will keep you updated!
If you have any questions in this matter, fell free to join our free Discord Channel.
This invitation-link expires in 24 hours
-> discord.gg/t5aUTb <-
What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Usually we use the trend lines of the channel to swing-trade from the bottom (Support) to the top (Resistance), as shown in my previous ETH ideas.
In combination with certain indicators, zones and further trend lines, this is a very easy way to stay profitable.
The recent swing highs and swing lows might form another descending channel.
As mentioned earlier this day in my Discord Channel, we will open a position (short) as follows:
Entry: 189.00 or above
Target I: 183.00
Target II: 179.00
Leverage: 10x
I will keep you updated!
If you have any questions in this matter, fell free to join our free Discord Channel.
This invitation-link expires in 24 hours
-> discord.gg/t5aUTb <-
What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Trade closed: target reached
Strategies, Insights & Education: t.me/KOLAcademy
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