Hello traders, I hope you guys are all doing good. Here's a quick update on ETH. Please have a look and trade safely.
Timeframe: 4 hours.
Update: ETH is forming a rising wedge pattern which technically is a bearish pattern but as it is under the formation, we can expect a rally between $1200 to $1300 followed by the rejection. Breaking down below the lower support trendline will invalidate this chart.
Trade setup:
Entry between $1033 to $1060.
Targets: $1115, $1168, $1221, $1281.
Stop Loss: $986.
Note: If you are entering this trade then do not forget to use SL. Trade with 5x or 10x leverage and accumulate the dip.
Like and follow for more updates.
Thank you.
Timeframe: 4 hours.
Update: ETH is forming a rising wedge pattern which technically is a bearish pattern but as it is under the formation, we can expect a rally between $1200 to $1300 followed by the rejection. Breaking down below the lower support trendline will invalidate this chart.
Trade setup:
Entry between $1033 to $1060.
Targets: $1115, $1168, $1221, $1281.
Stop Loss: $986.
Note: If you are entering this trade then do not forget to use SL. Trade with 5x or 10x leverage and accumulate the dip.
Like and follow for more updates.
Thank you.
