EthereumLong
Ethereum 4-Hour Analysis: Ascending Triangle Points to a Bullish
What’s Happening with Ethereum?
The trend is BULLISH, and we’re seeing a triangle pattern that could be the key to our next big trade. Let me break down my strategy so you can take full advantage of this move!
My Strategy:
Pattern Identification: We’ve spotted an ascending triangle on the 4-hour chart with a key resistance at $3,472.
Entry (Buy Limit) $3,472: If the price breaks this resistance with strength, we’ll place a buy order and aim for $3,878.
Risk Management: To protect ourselves from unexpected reversals, we’ll set a Stop-Loss at $3,095.
Key Confirmation: We’ll only enter if there’s increasing volume to avoid false breakouts.
Why This Strategy? An ascending triangle like this often signals a continuation of the bullish trend. With solid risk management, we’re aiming for a strong risk/reward ratio while staying aligned with the market’s momentum.
Disclaimer: This content is for informational and educational purposes only. It is not financial advice. Always do your own research and consult with a licensed financial advisor before making any investment or trading decisions. Trading involves significant risk, and past performance is not indicative of future results.
The trend is BULLISH, and we’re seeing a triangle pattern that could be the key to our next big trade. Let me break down my strategy so you can take full advantage of this move!
My Strategy:
Pattern Identification: We’ve spotted an ascending triangle on the 4-hour chart with a key resistance at $3,472.
Entry (Buy Limit) $3,472: If the price breaks this resistance with strength, we’ll place a buy order and aim for $3,878.
Risk Management: To protect ourselves from unexpected reversals, we’ll set a Stop-Loss at $3,095.
Key Confirmation: We’ll only enter if there’s increasing volume to avoid false breakouts.
Why This Strategy? An ascending triangle like this often signals a continuation of the bullish trend. With solid risk management, we’re aiming for a strong risk/reward ratio while staying aligned with the market’s momentum.
Disclaimer: This content is for informational and educational purposes only. It is not financial advice. Always do your own research and consult with a licensed financial advisor before making any investment or trading decisions. Trading involves significant risk, and past performance is not indicative of future results.
Note
The ascending triangle seems to confirm a bullish move. Watching the resistance level around $3,878 as a potential breakout point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Get Access To The Worlds Most Profitable Trading Indicators here: tinyurl.com/4d3389mc
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.