This is the daily ETHUSDT chart
I see that the descending channel or falling parallel channel has been broken out to the up side.
When the resistance at $1359 was broken we saw the price shoot up to the next key resistance level at $1654.
Currently price is consolidating and forming a bullish pennant pattern.
Waiting to see if it breaks up or down. If it...
Let's start today with ETH analysis. Well after long rally on ETH we have reached that long waited zone which should determine the next movement of this coin. We have here mainly 3 possible scenarios
First: We secure the $1650 zone which will lead the price towards $2000 from where we expect to see some sort of correctional movement
Second: We break...
1H time frame
It meets the Vegas entry on 1H time frame.
The near resistance comes from the downtrend dot line.
According to Vegas tunnel strategy, open long here with following TP/SL.
TP: 1735, 1795
A local correction in wave 4 is forming on ETHUSDT, which makes it possible to plan an excellent entry into the trade at limit levels.
I buy ETH now with a stop loss at $1603, and a take profit at $1720
Alright we see ETH has CP Movement after rally. so it's time to retrace.
but the question is where is a good point to enter in position ???
i think 1734 is good place to have sell position.
anyway your leverage is 1.2X Not more just 1.2X or lower.
have a good trade.
We've been following this pattern closely on ETH. Locally with the adam / eve bottom (develop the Feet of the dragon) and the larger bullish Cypher, which has given us our type 2.
We still need to break the .236 which is the dragons "hump", and the neckline of the adam and eve.
While it wouldnt be wierd to see a retracement/checkback or consolidation of some...
1H time frame
After breaking out downtrend on 1 Day time frame . ETH is forming an ascending channel on 1H .
With this bearish pattern, we can set two different trading strategies as below.
Entry: if getting resistance form upper trend again(~1605)
TP: 1525 or reach lower uptrend
SL: previous high(~1615)
Entry: BO the AC(~1540)