ETHEUR trade ideas
One big push left for ETHLooking at the daily timeframe, I see one big push left before the market needs to take a longer step back.
I am looking for another -10% and confirmed rebound at the upward trendline, similar to the movement in Sept 2021.
I am setting targets for entry around 3300 Euro and will be taking profits around 5000 Euro.
ETH/EUR LONGentry price: 2591.98 profit price: 3136.06 stop loss 2345.60
Head and shoulder pattern, in this case the presence of an head and shoulder pattern isn't an inversion signal but only a breathing moment, we can discover it because the A, B, C aren't in the right position and the volume that follows these points don't present elements to confirm the inversion.
A long position can be taken if desired ,entry price should be set slightly higher respect the current price for assurance.
NO FINANCIAL ADVISE