ETHUSDT gave us a buying opportunity around $1000 (as shared in our last analysis). It’s still in uptrend after major trendline breakout & retest. Its next potential entry zone is around $1600-1650. If you are still holding or looking to buy in next dip, $$1940-2050 is our final exit level. Confluence of Fibonacci levels, weekly resistance and AB = CD target (at 2015) are making it a strong resistance zone.
Analysis Criteria:
1. Uptrend on daily and lower timeframes
2. Breakout & retest of Trend line
3. Fibonacci retracement 38%
4. Supply Zone
5. AB = CD
6. Major Resistance
7. Round Number
Buy after confirmation on lower Timeframes.
Happy Trading!
Analysis Criteria:
1. Uptrend on daily and lower timeframes
2. Breakout & retest of Trend line
3. Fibonacci retracement 38%
4. Supply Zone
5. AB = CD
6. Major Resistance
7. Round Number
Buy after confirmation on lower Timeframes.
Happy Trading!
Trade closed: target reached:
TP Hit