ETH DAILY
ETH is forming a cup and handle pattern on daily as well as touched the 61.8 fib level, similar to btc. The fib level is drawn on daily TF from 2650-1700. So far we are neutral as eth needs to close daily candle above 2300 to confirm the cup and handle pattern and needs to close a daily below 2040 to confirm the fib retracement. So far, we chilling and waiting for it to breach on either side.
BUY: Daily close above 2300.
TARGET: 2600-2800
SL: 2150
RR: 1:2.5
SELL: Daily close below 2030.
TARGET: 1800-1400-1100-900
SL: 2300
RR: Minimum 1:2.5
BUY: Daily close above 2300.
TARGET: 2600-2800
SL: 2150
RR: 1:2.5
SELL: Daily close below 2030.
TARGET: 1800-1400-1100-900
SL: 2300
RR: Minimum 1:2.5
Pranay.
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