Eth/USDT Binance +Elliot Wave and Targets

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ETHUSDT
4 Hr Chart:

Trade Management:

  • Trade Entry: 123.90
  • Stop Loss: 122
    Targets:
  • Target 1: 143.28
  • Target 2: 158.32
  • Target 3: 169.94


Risk/Reward ratio: 28.72
Transaction en cours
Note
METHODOLOGY/PSYCHOLOGY
Chart time frame - H4

Actions on:
*Activating Event*
-Elliott wave Theory: Eth currently completed a wave 5 combo with a Elliott triangle, where section (E) has bounced from a support Trendline. First i would be looking for a A,B,C Correction, However, If we formed a double Bottom pattern I will be looking for a Impulsive wave 1-5.
-Market Sentiment: Overall Bearish, I used news, Tradingview chats and Youtube.
-Fibonacci level: at 1.618
-Pattern Formation Falling wedge.
-Bullish divergence: today we have done a new low, but RSI closed at higher level.
Note
snapshot
Note
Bullish divergence on RSI
Trade fermée: ordre d’arrêt atteint
Note
Amazing trade
binancebottomBTCChart PatternsElliott WaveETHTechnical Indicatorstargets

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