EthanTW

ETHUSD - Entry timing for 2 Traders!

Long
BYBIT:ETHUSD   None
BYBIT:ETHUSD
4H trend chart

ETH is consolidating as presumed, and left a long tail at neckline which I marked on last post(link as below)
-
During this period of consolidation, it retested the support zone many times and formed a short-term downtrend line on 4H chart.
So we can presume this support level works.
-
For Aggressive traders
You can take entry while this downtrend line broken out
or
price retested the neckline again.

For Conservative traders
Keeps waiting till price stands firm at $4035.59(which is the completion of Handle pattern)
-
Targets
As our setup
Profit targets:
a) 4035.5----Fib(1)
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, give it a like and leave a comment below to share your thoughts
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
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.