TradingOn

ETH/USDT 6h (Binance Futures) Ascending channel trending

Long
TradingOn Updated   
BINANCE:ETHUSDT.P   Ethereum / TetherUS PERPETUAL CONTRACT
Ethereum is clearly bullish since Vitalik Buterin announced ETH 2.0, better to join the uptrend!

Current Price= 445.17
Buy Entry= 444.68 - 436.01
Take Profit= 459.79 | 482.06 | 497.89
Stop Loss= 420.97

Risk/Reward= 1:1 | 1:2.15 | 1:2.96
Expected Profit= +13.23% | +28.38% | +39.18%
Possible Loss= -13.23%

Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 3x
Estimated Gain-time= 360h
Trade active:
All entries filled and bounced

What a great accuracy, I'm glad Ethereum didn't betray me, let's wait patiently for targets now 🙏🏼

Comment:
First target was missed by 3.97$

That was close, but I really think it will go up there later, I'm adding to my position, that means buying more right now at 446.25$.
On lower TF, #Ethereum is forming a symmetrical triangle and I expect a big break out upwards soon!

Trade closed: target reached:
TP2 original was finally reached yesterday with +28.38% (3x)

TP3 was missed by 0.89$ with +38.78% max profit (3x), that was very close but Ethereum can still make it later.

Trade closed: target reached:
TP3 finally hit with +39.18% (3x)

It was just a question of time before Ethereum reaches 500$ for the Futures pair.
This trade is closed now, but this doesn't look like the top at all...
There is much space to grow upwards so I'll try to re-enter later on a dip!
In the meantime eyes on the Spot pair (vs BTC), if the falling wedge breaks bullish it will be massive 📈


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