ETHUSDTHello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
We have taken all of the Targets on
ETH's short and now, There's a formed reversal V bottom.
It's also can be known as a Deviation below the neckline!
ETH has retested the neckline and it could be a good option to take Long towards $1818 as a higher S/R line with a stop-loss below the current local low. I'll split my entries into two points.
- $1590 ( First Entry )
- $1565 ( Second Entry )
📝 The reason that I added $1565 is that we have a swing low below there and
ETH might go for a sweep before any major leg up. Also, You can trade with an invalidation strategy based on a trigger entry above $1670.
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
Helical_Trades
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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.