EthanTW

ETHUSD - Entry timing for 2 Traders!

做多
BYBIT:ETHUSD   None
BYBIT:ETHUSD
4H trend chart

ETH is consolidating as presumed, and left a long tail at neckline which I marked on last post(link as below)
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During this period of consolidation, it retested the support zone many times and formed a short-term downtrend line on 4H chart.
So we can presume this support level works.
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For Aggressive traders
You can take entry while this downtrend line broken out
or
price retested the neckline again.

For Conservative traders
Keeps waiting till price stands firm at $4035.59(which is the completion of Handle pattern)
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Targets
As our setup
Profit targets:
a) 4035.5----Fib(1)
b) 4666.45~4921.65----Fib(1.272~1.382)
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
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Let's see where ETH can bring us to!
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