Ethereum Finding Support in a Bullish Trend
https://www.tradingview.com/x/jQYCNqCx/
Hello Traders.... Always know your STOP, TARGET and ENTRY values before you jump into a trade. A good trade will always provide you with these values before you press the OK button. Ethereum has made a deep retracement to the traditional support level of Fib 23.6. There has been a bullish counter trend line break, giving us our values as STOP @ 205, TARGET @ 270 and ENTRY @ 214. Note that given a deep retracement to Fib 23.6, price will have enough energy to go and hit the Fib extension level of Fib 127.2 hence our profit target being 270. I hope this helps. Happy trading all the time.
Hello Traders.... Always know your STOP, TARGET and ENTRY values before you jump into a trade. A good trade will always provide you with these values before you press the OK button. Ethereum has made a deep retracement to the traditional support level of Fib 23.6. There has been a bullish counter trend line break, giving us our values as STOP @ 205, TARGET @ 270 and ENTRY @ 214. Note that given a deep retracement to Fib 23.6, price will have enough energy to go and hit the Fib extension level of Fib 127.2 hence our profit target being 270. I hope this helps. Happy trading all the time.
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