ETH/USD 4hr Descending Triangle - Continuation
Standard descending triangle forming, and a clean break downward would mean selloff continuation. Enter breakout trade shorting at $270, distance between upper and lower trendlines is about $60, so take profit would be $210.
Other patterns that can be drawn include bearish flag or bearish pennant. These theories use the length of the flagpole to establish take profit level, which is about $450 - $300 = $150. Thus, entering another breakout at $270 would entail take profit at a very low $120.
Thoughts?
Other patterns that can be drawn include bearish flag or bearish pennant. These theories use the length of the flagpole to establish take profit level, which is about $450 - $300 = $150. Thus, entering another breakout at $270 would entail take profit at a very low $120.
Thoughts?
Trade fermée: cible de profit atteinte
Note
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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.