ETHEREUM look bullish (4H)
Updated
Ethereum seems to be forming a bullish triangle.
From where we placed the red arrow on the chart, it seems that the correction of ETH has started.
We now seem to be in wave D of this triangle.
We are looking for buy/long positions in the green range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
From where we placed the red arrow on the chart, it seems that the correction of ETH has started.
We now seem to be in wave D of this triangle.
We are looking for buy/long positions in the green range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
According to the news of the war in the Middle East, the intended drop was a bit sharp and strong.
We haven't reached the invalidation leel yet. We have updated the demand range.
If the demand range is maintained and a strong upward movement is seen, we can hope for a more bullish market.
Closing a daily candle below the invalidation level will violate the analysis.
Trade active
Our view on Ethereum was correct
After the drop and hitting the green box, it has been pumped more than 10%
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