ETH/USDT Spot
Price is holding up well over last week. Price is showing some early signs of recovery. As indicated in our chart, we have detected a potential ascending triangle that price have been rejecting perfectly. Our 0.5 fib is assumed to be the resistance, whilst we got 2 support first one is expected to be the 0.236 fib that price have been rejecting, and the second is the one price is on, our entry will be on the current market price (support area). And try to ride the rejection, and the breakout expected. As we got a potential cross on macd who is cured in a bullish area. Stop-loss is placed on the deviation the price formed before.
Risk: 1%
Entry: $2524
Take profits: $2944 / $3152 / $2520
Stop loss: $2116
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Risk: 1%
Entry: $2524
Take profits: $2944 / $3152 / $2520
Stop loss: $2116
If you liked my idea, follow me for more 🚀
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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.