$ETH/BTC 4h (Coinbase) Broadening wedge on support
Ethereum is looking bullish, even more after that descending channel breakout.
Current Price= 0.03824
Buy Entry= 0.03827 - 0.03727
Take Profit= 0.04110 | 0.04393 | 0.04924
Stop Loss= 0.03473
Risk/Reward= 1:1.1 | 1:2.03 | 1:3.77
Expected Profit= +8.82% | +16.31% | +30.37%
Possible Loss= -8.05%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 240h
Current Price= 0.03824
Buy Entry= 0.03827 - 0.03727
Take Profit= 0.04110 | 0.04393 | 0.04924
Stop Loss= 0.03473
Risk/Reward= 1:1.1 | 1:2.03 | 1:3.77
Expected Profit= +8.82% | +16.31% | +30.37%
Possible Loss= -8.05%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 240h
Trade active:
All entries filled
Unfortunately, Ethereum lost local support but found another one lower.
Also that falling wedge forming on LTF could help for a possible reversal here!
Unfortunately, Ethereum lost local support but found another one lower.
Also that falling wedge forming on LTF could help for a possible reversal here!
Ethereum almost went for our SL but managed to reverse on time.
We may have been lucky, now it's breaking out of that falling wedge.
This is very positive for all big Altcoins since they would probably follow the queen!