$ETH/USDT 8h (Binance Futures) Ascending wedge on support

11 dic 2020

Ethereum is still up trending in Higher Time Frame and people are buying the dips to accumulate for ETH2.0 Staking!
So far 100EMA seems to be holding too, I believe this is a good opportunity to join them for a small swing inside the rising wedge.

Current Price= 545.02
Buy Entry= 541.05 - 529.01
Take Profit= 569.70 | 594.9 | 594.97
Stop Loss= 511.90

Risk/Reward= 1:1.5 | 1:2.59 | 1:3.4
Expected Profit= +12.96% | +22.40% | +29.38%
Possible Loss= -8.64%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 360h

16 dic 2020

Trade chiuso: obiettivo raggiunto

TP2 with +22.40% (2x), that's 2.59R

Ethereum move up as planned, even faster than expected, perfect dip catch!
I still think last target will be reached, it could grow way higher in my opinion.

16 dic 2020

Nota

TP3 with +29.38% (2x) & 3.4R

That's a wrap, Ethereum made it to last target and could keep growing, but don't forget about taking profit!