$ENS/USDT 1D (#Bybit) Symmetrical triangle breakout

Sep 29, 2022

Ethereum Name Service seems to be ready to go back up after regaining the descending Trend-Line.
ens.domains ens.mirror.xyz


Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +27.84% | +48.78% | +69.74%
Possible Loss= -23.27%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 2-3 months

Sep 29, 2022

Note

⚡️⚡️ #ENS/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 8.6%

Current Price:
15.44

Entry Zone:
15.18 - 13.70

Take-Profit Targets:
1) 18.46
2) 21.48
3) 24.51

Stop Targets:
1) 11.08

Oct 5, 2022

Trade active

2/3 entries filled

Ethereum Name Service pulled-back to 100EMA support and bounced back as expected so far.
Breakout seems confirmed now, let's patiently wait for targets now!

Oct 13, 2022

Trade closed: target reached

TP1 reached with +27.84% (1x) and +1.2R

Ethereum Name Service is stronger than ever and pushed higher as forecast.
Don't forget to take profit and move SL below entry (13.69) to protect the trade!

Nov 9, 2022

Trade closed: stop reached

Remaining position was closed with -5.19% (1x) and -0.22R

Ethereum Name Service bounced back on first 100EMA retest, but then lost it leading to a sell-off.
Good thing we adjusted Stop on time to reduce partial loss, time to wait patiently for new patterns!

#ENS #ENSUSDT #DNS #Domain #Web3