Hi everyone,
PureStructureNoBS here to provide real TA with entries and targets.
Ethereum recently broke bearish from a triangle consolidation. It is now looking for support in the green box area for a 3rd touch off the trend line. $110-115 is a strong support area and Fib retracement .786 is at $114.5. I think we will get a big bounce off the green box to the top of the wedge at the $160-170 range. This is a great 8:1 risk reward opportunity.
Remember, number one rule is managing your risk carefully
Feel free to share your thoughts in the comment section
Cheers
Pervious Analysis:
PureStructureNoBS here to provide real TA with entries and targets.
Ethereum recently broke bearish from a triangle consolidation. It is now looking for support in the green box area for a 3rd touch off the trend line. $110-115 is a strong support area and Fib retracement .786 is at $114.5. I think we will get a big bounce off the green box to the top of the wedge at the $160-170 range. This is a great 8:1 risk reward opportunity.
Remember, number one rule is managing your risk carefully
Feel free to share your thoughts in the comment section
Cheers
Pervious Analysis:
