ETHUSDT is Consolidating with stable uptrend/Trading Strategy
Updated
ETHUSDT[4H trend chart]
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1) Strong support from uptrend line
2) Downtrend line was broke out
3) Vegas_12ema was broke out
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Profit Targets:
1) 3163-----Around resistance zone
2) 3285.35-----Next Downtrend line and Reverse Fib(0.382) level
Stop losses:
1) 2780-----Green horizontal ray
Note
Price touched 2780 and left a low shadow line; Therefore, stop loss didn't trigger.Next, should notice a downtrend line might be a resistance around 3000 and now ETHUSDT is close to it.
So you guys could take a profit anytime if you want, or could wait for TP(1) 3163.
Have a good trading day.
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→Join Teaching Group for free!(PM me)
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