ETHUSDT
4 Hr Chart:
Trade Management:
Risk/Reward ratio: 28.72
4 Hr Chart:
Trade Management:
- Trade Entry: 123.90
- Stop Loss: 122
- Targets:
- Target 1: 143.28
- Target 2: 158.32
- Target 3: 169.94
Risk/Reward ratio: 28.72
Trade active
Comment:
Comment:
Bullish divergence on RSI
Trade closed: stop reached
Comment:
Amazing trade
Chart time frame - H4
Actions on:
*Activating Event*
-Elliott wave Theory: Eth currently completed a wave 5 combo with a Elliott triangle, where section (E) has bounced from a support Trendline. First i would be looking for a A,B,C Correction, However, If we formed a double Bottom pattern I will be looking for a Impulsive wave 1-5.
-Market Sentiment: Overall Bearish, I used news, Tradingview chats and Youtube.
-Fibonacci level: at 1.618
-Pattern Formation Falling wedge.
-Bullish divergence: today we have done a new low, but RSI closed at higher level.