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ETCUSDT , We should buy because of ... Hello guys Whats up ? In here we have new rally that was started from some days ago , we are in between two minor zone , according to the market and condition of the psychologic of fear and power of market I think we can break the minor resistance if this candle is closing like this ( Ascending cover ) , and we can put Stop loss according to the chart , and we should wait until the price reach to the first Tp and then we are analysing the chart for others scenario . Dont forget put stop loss and Tp and dont forget money management First take signal then take long position and buying , We need signal like Hammer or Ascending cover or ... Good Luck Abtin
Long
by Abtin00
ETH Where will the Bull go?/Bullish PerspectiveBYBIT:ETHUSD Notice in chart---Red: rise; Green: fall 1D trend chart - 1. Pattern is forming Since 2020 Dec., ETH takes around 10 months to build a beautiful Cup and Handle. We just confirm the handle formed while the orange downtrend line was broken out recently. From the period this pattern took, we presume that a surge will happen before 31 Dec '21 *Cup and handle is a strong bullish signal that extending an uptrend. - 2. What should we notice? Considering the pattern may not form directly, should presume that price might retest the downtrend(orange line) again. Also, all previous highs are resistance for price, so remember to be cautious when 4035.5 and 4383.5 coming, consolidation easily occur while approaching them. Furthermore, nothing ever get 100% chance, so we shall setup stop loss. - 3. How can we use it? For Aggressive traders, you could buy immediately while the handle downtrend(orange line) was broken, once this pattern completed, your risk is low as the price go high. For Conservative traders, you could wait the downtrend(shallow blue line) or previous high(4383.5) are taken out, this Cup and Handle pattern will be completed at that time. - 4. Bullish Target? With Fibonacci levels, there are some long-term targets we expect. a) 5422.30~5842.40----Fib(1.272~1.382) b) 8202.55----Fib(2) Anyway, never forget to control your risk Stop loss: 2642.2 - Let's see where ETH can bring us to! Trading is a reflection of yourself, sometimes you need to take a step back to see more. Learn more daily and Be ready for any opportunities daily. Have a nice trading!
BYBIT:ETHUSD.PLong
by EthanTW