ETH - 2 Great scenarios for Entry
ETHUSDT1H trend chart
-
ETH is getting a correction after a CH pattern completed(target is 3400)
Here, we can wait it to retest and show support at long-term downtrend line, the better scenario is that hit 144/169ema, then rally back to 12ema quickly.
It would be a great entry timing to long.
Also, a bullish flag is forming on 1H, so there is another timing to take entry if broke out this flag.
-
Profit Targets:
a) 3235----Fib(1)
b) 3414.25~3486.75----Fib(1.272~1.382)
c) 3564.5----Fib(1.618)
-
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!
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
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.