ETHUSDT
D1 - in this situation, you can expect both a fall and a continuation of the upward movement. An ABC structure has been formed; if the trend line is broken, the price may continue to move upward to the level of 2685.37
It is also clear that the price is trying to gain a foothold behind the lower trend line, which could lead to a potential fall - with this outcome, the price could reach the levels of 1828.95
What can you expect?
Long - You can consider entering when the trend line is broken from the level of 2256.51 For a more confident entry, you can also wait until it is fixed at this level. Cancel if the price breaks the minimum of the 3rd wave - 2105.89
Short - You can consider entering from these levels 2211.56 - 2163.38. Or wait for the minimum of the day to be rewritten. Cancel if the price breaks the trend line - 2261.46
Long
Target 2377.23 - 2468.07 - 2554.30 - 2685.37
Short
Target 2103.43 - 2017.48 - 1946.78 - 1828.95
D1 - in this situation, you can expect both a fall and a continuation of the upward movement. An ABC structure has been formed; if the trend line is broken, the price may continue to move upward to the level of 2685.37
It is also clear that the price is trying to gain a foothold behind the lower trend line, which could lead to a potential fall - with this outcome, the price could reach the levels of 1828.95
What can you expect?
Long - You can consider entering when the trend line is broken from the level of 2256.51 For a more confident entry, you can also wait until it is fixed at this level. Cancel if the price breaks the minimum of the 3rd wave - 2105.89
Short - You can consider entering from these levels 2211.56 - 2163.38. Or wait for the minimum of the day to be rewritten. Cancel if the price breaks the trend line - 2261.46
Long
Target 2377.23 - 2468.07 - 2554.30 - 2685.37
Short
Target 2103.43 - 2017.48 - 1946.78 - 1828.95
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.