$ETH/USDT 6h (Binance Futures) Ascending channel trending
Ethereum just broke old All Time High (ATH) from 3 years ago, I guess it will continue up inside that parallel channel after a last pull-back.
Current Price= 1378.15
Buy Entry= 1386.52 - 1335.03
Take Profit= 1505.15 | 1722.17 | 1999.14
Stop Loss= 1229.48
Risk/Reward= 1:1.1 | 1:2.74 | 1:4.85
Expected Profit= +10.59% | +26.53% | +46.88%
Possible Loss= -9.67%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 360h
Current Price= 1378.15
Buy Entry= 1386.52 - 1335.03
Take Profit= 1505.15 | 1722.17 | 1999.14
Stop Loss= 1229.48
Risk/Reward= 1:1.1 | 1:2.74 | 1:4.85
Expected Profit= +10.59% | +26.53% | +46.88%
Possible Loss= -9.67%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 360h
Trade active:
All entries filled
Ethereum dipped as expected and bounced, nice catch so far!
Ethereum dipped as expected and bounced, nice catch so far!
Trade closed: stop reached:
SL was hit with -9.67% (1x) and -1R
Like we all saw last week, Ethereum did not manage to stay in the ascending channel.
I definitely started to long way too early, but targets are still valid for mid-term if you are back in!
Just be careful and don't lever, market is quite uncertain short-term...
Like we all saw last week, Ethereum did not manage to stay in the ascending channel.
I definitely started to long way too early, but targets are still valid for mid-term if you are back in!
Just be careful and don't lever, market is quite uncertain short-term...
Ethereum broke down the channel but found support on 100EMA forming a broadening wedge.
I guess we were a bit lucky on that one, time to look back up now!