ETHUSD - Golden entry after this Correction!
BYBIT:ETHUSD
Left: 1D trend chart Right: 1H trend chart
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The whole market is encountering pullback, but we can still discover some good entry timing while falling.
From my previous analysis, ETH is building a big Cup and Handle pattern.(refer to link as below)
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Now, an appropriate correction is working, and we can see price is still on the uptrend(orange line).
Also, ETH is consolidating as a bull flag in 1H chart.
Therefore, we predict the Golden entry timing is gonna happen.
And price will satisfy these 3 conditions.
1. Gets support from orange line
2. Retest and stand firm on the top of handle(around 4035.5)
3. Break out the wedge
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3. Trading Strategy
Profit targets:
a) 4035.5----Fib(1)--->Already Hit!
b) 4666.45~4921.65----Fib(1.272~1.382)
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
-
Let's see where ETH can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Left: 1D trend chart Right: 1H trend chart
-
The whole market is encountering pullback, but we can still discover some good entry timing while falling.
From my previous analysis, ETH is building a big Cup and Handle pattern.(refer to link as below)
-
Now, an appropriate correction is working, and we can see price is still on the uptrend(orange line).
Also, ETH is consolidating as a bull flag in 1H chart.
Therefore, we predict the Golden entry timing is gonna happen.
And price will satisfy these 3 conditions.
1. Gets support from orange line
2. Retest and stand firm on the top of handle(around 4035.5)
3. Break out the wedge
-
3. Trading Strategy
Profit targets:
a) 4035.5----Fib(1)--->Already Hit!
b) 4666.45~4921.65----Fib(1.272~1.382)
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
-
Let's see where ETH can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
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💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.