BYBIT:ETHUSD
Left: 1D trend chart Right: 1H trend chart
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The whole market is encountering pullback, but we can still discover some good entry timing while falling.
From my previous analysis, ETH is building a big Cup and Handle pattern.(refer to link as below)
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Now, an appropriate correction is working, and we can see price is still on the uptrend(orange line).
Also, ETH is consolidating as a bull flag in 1H chart.
Therefore, we predict the Golden entry timing is gonna happen.
And price will satisfy these 3 conditions.
1. Gets support from orange line
2. Retest and stand firm on the top of handle(around 4035.5)
3. Break out the wedge
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3. Trading Strategy
Profit targets:
a) 4035.5----Fib(1)--->Already Hit!
b) 4666.45~4921.65----Fib(1.272~1.382)
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
-
Let's see where ETH can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Left: 1D trend chart Right: 1H trend chart
-
The whole market is encountering pullback, but we can still discover some good entry timing while falling.
From my previous analysis, ETH is building a big Cup and Handle pattern.(refer to link as below)
Now, an appropriate correction is working, and we can see price is still on the uptrend(orange line).
Also, ETH is consolidating as a bull flag in 1H chart.
Therefore, we predict the Golden entry timing is gonna happen.
And price will satisfy these 3 conditions.
1. Gets support from orange line
2. Retest and stand firm on the top of handle(around 4035.5)
3. Break out the wedge
-
3. Trading Strategy
Profit targets:
a) 4035.5----Fib(1)--->Already Hit!
b) 4666.45~4921.65----Fib(1.272~1.382)
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
-
Let's see where ETH can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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💡Sign up through link
→Join Teaching Group for free!(PM me)
