BYBIT:ETHUSD
1D trend chart
-
ETH keeps consolidating around the support area we mentioned before.
Recently it fell and hit some key points as below.
1. trend line from Cup and Handle pattern
2. 144 and 169ema
After this strong pullback, ETH goes back to support zone quickly, and now it even shows a closure candle above 12ema on Day chart(blue arrow).
Therefore, the condition of Vegas tunnel trading strategy was met.
Moreover, due to the resistance accumulated around 4600~4800, I suggest you take some profit at our TP from Vegas entry
-
Profit Targets:
a) 4791.45----Blue horizontal ray
Stop losses:
a) 3367.95-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
1D trend chart
-
ETH keeps consolidating around the support area we mentioned before.
Recently it fell and hit some key points as below.
1. trend line from Cup and Handle pattern
2. 144 and 169ema
After this strong pullback, ETH goes back to support zone quickly, and now it even shows a closure candle above 12ema on Day chart(blue arrow).
Therefore, the condition of Vegas tunnel trading strategy was met.
Moreover, due to the resistance accumulated around 4600~4800, I suggest you take some profit at our TP from Vegas entry
-
Profit Targets:
a) 4791.45----Blue horizontal ray
Stop losses:
a) 3367.95-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
