bhnmzm

ETHUSDT 4h Analysis

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BINANCE:ETHUSDT   Ethereum / TetherUS
The price has met the middle of the channel (dotted line) and Trend A therefore, I expect a pullback to the $3600-$3700. Also, the nearness of the level $4000 is another confirmation for the pullback idea. $4000 is an important level and can act as a resistance.

I will enter when the pullback occurred. Stop-loss is around $3300 and the expected profit zone will be $4700.

If the price manages to pierce and stay above Trend A, then the scenario will change and I would wait for a pullback to Trend A.
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