Helical_Trades

ETH/USDT : Into the patterns, Where to see the reversal !

BINANCE:ETHUSDT   Ethereum / TetherUS
ETHUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

There are multiple patterns formed on the daily chart that can help us to point a macro movement for BTC.
Also I would like to point that I'm searching for a selling point; Now let's head to our patterns...

There's a formed bottom flat triangle that had a deviation recently, So the rejection to lower prices are very possible here.
Which will triggers our first SHORT entry !
- So our first SHORT entry's triggers should be located below $2800.

Now we'll talking about the possibility of break-out above the bearish trendlines.
In that case we need to look for EQ Highs located above $3200 and the higher S/R zone to locate your SHORT entry, Why do I aiming my for the higher pressure zone ?
We'll your able to open your positions every where you want; The importance of a trade is hided into the Stop-loss.
It's the stop-loss that saving you from losing money or cutting the losses, Even the possible stop-hunts.
So when you learns how to set your Stop-loss, Then you can focus on your profits, How to put your targets to make your trading setup even more profitable.
Also I have to mention that the located S/R zone above is the point between 50% and 61.8% bearish FIB's levels !!
- Now that you know the importance of trading setups; You can find out that if our SHORT position got invalidated by a break-out above S/R zone, Then you can take a LONG position with a reversed position's options to cover your losses !
- So our next SHORT entry will be located into the S/R zone and it'll get invalidate by any break-out confirmation above the entry zone ( S/R zone ).

📚 But if you wants to play the pair level by level into micro TFs, Then you can follow the chart below :
As you can see there are two opportunities to follow.
Both got the arrow up/down as a triggered position entry...
For you trade options; You can set your SL
- above $2850 for SHORT
- below $3000 for LONG

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades


🔴 Don't forget to join our channels for FREE Premium stuffs !

TELEGRAM :
t.me/Helical_Trades

Instagram ( Persian - فارسی ) :
www.instagram.com/helical_trades/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.