H4 - Bullish trend pattern.
Higher highs.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
ETHUSD - Buy, 15m
Entry - 3400.05
Stop Loss - 3470.05 (30 pips)
Take Profit - 3500.05 (100 pips)
ethusd hold 3470.05 support today.. and a descending triangle pattern seems to be broken.. im entering a long position.. and will go to test next resistance 3470.00 and lets see!!
the arrows show the main 2 paths I could see eth taking, obviously the other 2 main scenarios are a straight shot up over 1550 where we dont come back down or a re test of lower levels.
Im really hoping that im wrong and we can move above 1500 for good but I just dont know if we are ready yet. Hopefully this does not age well and I am proven wrong and all us ETH...
ETH/USD BUY LIMIT
ENTRY 1 137.76
ENTRY 2 132.90
ENTRY 3 122.78
SL 119
TP.1 149.13
TP.2 156.02
TP.3 169.11
TP.4 181
Price activity is nearest the 50-bar MA (4-hourly) at 170.49 and the 50-bar MA (Hourly) at 151.96.
Technical Support is expected around 137.80/ 132.90/ 122.75 with Stops expected below.
Technical Resistance is expected around 152.36/ 161.37/ 168.65...
