ETH Upward Break... Waiting For RetestETH Broke out of its upper trend and is going down for a retest. Trade Safe and don't take on too much risk! This is a very bullish sign and is a classic setup!
Ethperplong
ETHERIUM 1HOURLY NEAR FUTURE ANALYSISTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 1 Downtrend in red color (Short Term).
We have 1 Uptrend in green color Internal Trend (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
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Exercise Proper Risk Management
ETH/USD LONGHi everyone!
Hope you all are having a great trading week. Posting a trade from 2 days ago for ETH.
We were reaching a supply level of $1360 by the end of NY session and considered LONGS for beginning of Asian session and further.
ETH first grabbed liquidity below $1360 levels and then created a Break of Structure pattern by tapping $1400 level, retracing after to our point of interest at $1370.
Trade entered at $1372 with a RR of 8.5 to 1. Stops were placed safely below last point of demand and our target was highs of previous NY session at $1530.
Total time in a trade 21 hrs, TP triggered at $1530.
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Cheers,
Cryptonyx Capital
btc longbtc long market is in downtrend so if we don't break indicated resistance assume a further downtrend. Happy trading
