ETHUSDT | Wave Analysis | Massive Bull Flag +70%

dukeposh Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Price action and chart pattern trading setup:
> A potential ABC correction reversal pattern with MACD bullish divergence below baseline
> The price is currently trading between SMA20D vs SMA50D
> The current C wave position retraced 0.786 of A wave with a bullish inside combo pattern
> Entry @ pullback SMA20 zone
> TP1 @ bullish inside price action combo +25-30% near upper bull flag resistance and slightly above SMA200D
> Stop @ C wave position -10-12% downside
> Risk reward ratio: 2:1

If the price breakout this massive bull flag - this will confirm the new uptrend 1-2 pattern and the flag resistance will become the support with an estimated +70% upside from the current trading price.

Always trade with affordable risk and respect your stoploss
Trade closed: target reached:
The current price action revisiting 50 day support with bearish divergence if breakdown could further decline to 200 day support take partial profit recommended:


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