Hi,
Good luck, I am probably leaving this market, I lost most of my portfolio because I was not lucky at all. This should be last trade setup I will give, and I think market will crash soon.
Analysis of trade setup:
Cup and handle pattern on weekly TF (or daily if you fancy it). Targeting double the length of cup to find price target, which is 4300..
Fib level 1.618 is also sits at 4300.
ETH will go to 4300, and reverse back to it's previous resistance level which is at 2000. Then will go more down probably.
Good luck, I am probably leaving this market, I lost most of my portfolio because I was not lucky at all. This should be last trade setup I will give, and I think market will crash soon.
Analysis of trade setup:
Cup and handle pattern on weekly TF (or daily if you fancy it). Targeting double the length of cup to find price target, which is 4300..
Fib level 1.618 is also sits at 4300.
ETH will go to 4300, and reverse back to it's previous resistance level which is at 2000. Then will go more down probably.
Comment:
C&H Pattern how to find price target by using 2x price range, daily TF:
Comment:
ETH may OR may NOT retrace soon because market direction no one can predict short term, but this does not mean it will not go to the target. This trade is not for leverage, spot buy and wait.
Comment:
It reversed before hitting 4000, market does not look good so considering stop loss and taking profit then longing again from dip is always good idea and should have been done here if you took this trade.
Comment:
Now 4135, it is a TP point.
Trade closed: target reached:
Target reached exactly like I predicted and now it is sitting around my target.
