ETH - 2 sets of Targets
4H trend chart/1H trend chart
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As my last idea about ETH
ETH has already overcome the resistance of the long-term downtrend line, and it appropriately got support from the trend line while pullback.
The support level is made of downtrend line and Fib 0.618(around $2855).
Also, it forms an inverse head and shoulders pattern on 1H, so we have 2 sets of TP as below.
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Profit Targets:
4H
a) 3288----Fib(1)
b) 3596.2~3720.8----Fib(1.272~1.382)
c) 3854.5----Fib(1.5)
1H
a) 3057.65----Fib(1.618)
b) 3112.5----Fib(2)
Stop losses:
a) 2576----Red horizontal ray
b) 2856----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
-
As my last idea about ETH
ETH has already overcome the resistance of the long-term downtrend line, and it appropriately got support from the trend line while pullback.
The support level is made of downtrend line and Fib 0.618(around $2855).
Also, it forms an inverse head and shoulders pattern on 1H, so we have 2 sets of TP as below.
-
Profit Targets:
4H
a) 3288----Fib(1)
b) 3596.2~3720.8----Fib(1.272~1.382)
c) 3854.5----Fib(1.5)
1H
a) 3057.65----Fib(1.618)
b) 3112.5----Fib(2)
Stop losses:
a) 2576----Red horizontal ray
b) 2856----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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→Join Teaching Group for free!(PM me)
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