ETH/USD - Ascending Triangle Breakout - w/ targets
Hello Future Millionaires! This setup is looking mighty tasty!
Ascending triangle breakout. Looking for a close above 391.29 on the 4H-12H along with an increase in volume!
If so, then the setup looks good!
Much love and best of luck on all your trades and investments! So excited to be alive right now! So much fun!
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Guide to My Charts
-The horizontal purple boxes of peace and prosperity are support/resistance 'zones'. If price pierces through one side, then it is likely to head toward the next support/resistance zone or line.
-The purple lines are support/resistance lines.
-Yellow lines are typically used to chart out pattern formations on the daily and higher time frames. Skinnier red lines may are typically smaller time frame trends (like 4H and 1H).
-The colored lines are MAs (Red: 10 simple, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Grey: 200EMA, White: 200SMA, Maroon: 377EMA.
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile (HVP), RSI, and/or stochastics indicators are below the chart if displayed.
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Please leave a like and comment if you find value in this post! It is a really quick and effective way to show your support and helps to show me that people are interested which inspires me to share more! Plus, it only takes a split second and it's free!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Ascending triangle breakout. Looking for a close above 391.29 on the 4H-12H along with an increase in volume!
If so, then the setup looks good!
Much love and best of luck on all your trades and investments! So excited to be alive right now! So much fun!
---
Guide to My Charts
-The horizontal purple boxes of peace and prosperity are support/resistance 'zones'. If price pierces through one side, then it is likely to head toward the next support/resistance zone or line.
-The purple lines are support/resistance lines.
-Yellow lines are typically used to chart out pattern formations on the daily and higher time frames. Skinnier red lines may are typically smaller time frame trends (like 4H and 1H).
-The colored lines are MAs (Red: 10 simple, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Grey: 200EMA, White: 200SMA, Maroon: 377EMA.
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile (HVP), RSI, and/or stochastics indicators are below the chart if displayed.
---
Please leave a like and comment if you find value in this post! It is a really quick and effective way to show your support and helps to show me that people are interested which inspires me to share more! Plus, it only takes a split second and it's free!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Comment:
T1: 400 - HIT!!! (22.26% Gain)
Enjoy!
Enjoy!
Related Ideas
Entry Zone: 389-395
T1: 400
T2: 409
T3: 416
T4: 420
T5: 430
Stop: 378.58539181
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R:R: 3.05
Risk: 3.25%
Reward: 9.89%
Leverage: 10X
Leveraged Risk: 32.5%
Leveraged Reward: 98.9%