TradingView
EthanTW
Oct 16, 2023 6:52 PM

ETH final target 1850 Long

ETHUSDT Perpetual ContractBybit

Description

4h time frame
-
ETH is creating a falling wedge since 17th April, and just got bounce from wedge bottom at 1520
Assuming ETH is keeping satisfying this structure, then we can set target at wedge top around 1850. Also, 1850 is the 0.382 Fibonacci Projection, which is the PRZ and have possibility to bring ETH down to 1300. Therefore, we can set a trading plan here.
TP: 1680 / 1750 / 1850
SL: 1540
More