ETH/USDT – 1H Timeframe
ETHUSDT.P
Pattern Identified: Ascending Triangle
Ethereum is currently trading at $1626, consolidating within an ascending triangle—a bullish continuation pattern. Price has been forming higher lows consistently while facing resistance around the $1649–$1669 supply zone (🔵).
A breakout above this zone with strong volume could ignite a move toward $1720+. On the flip side, a rejection may lead to a retest of the trendline support near $1600–$1596 (🟡), which is a crucial level for bulls to defend.
📋 Safe Trading Plan:
• Long Entry: On breakout + retest of $1669
• Stop Loss: Below $1638 / 1H candle close
• Target: $1720 and beyond
❌ Invalidation: Breakdown below the ascending trendline support.
Bias: Bullish – as long as ETH holds above the rising trendline. Stay patient and trade the confirmation, not the anticipation!
#NFA, #DYOR
⸻
Don’t forget to hit the 🚀 button, if you like the analysis.
ETHUSDT.P Pattern Identified: Ascending Triangle
Ethereum is currently trading at $1626, consolidating within an ascending triangle—a bullish continuation pattern. Price has been forming higher lows consistently while facing resistance around the $1649–$1669 supply zone (🔵).
A breakout above this zone with strong volume could ignite a move toward $1720+. On the flip side, a rejection may lead to a retest of the trendline support near $1600–$1596 (🟡), which is a crucial level for bulls to defend.
📋 Safe Trading Plan:
• Long Entry: On breakout + retest of $1669
• Stop Loss: Below $1638 / 1H candle close
• Target: $1720 and beyond
❌ Invalidation: Breakdown below the ascending trendline support.
Bias: Bullish – as long as ETH holds above the rising trendline. Stay patient and trade the confirmation, not the anticipation!
#NFA, #DYOR
⸻
Don’t forget to hit the 🚀 button, if you like the analysis.
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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.