Ethereum / TetherUS
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#ETHUSDT — Descending Wedge & High R/R Zone

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#ETH

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

A key support zone (in green) was found at 2038, and the price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 2170
First Target: 2226
Second Target: 2264
Third Target: 2315

Stop Loss: At the resistance zone (in green)

Remember this simple rule: Money management.

Any questions? Please leave a comment.

Thank you.
أغلقت الصفقة: تم الوصول للهدف
لقطة

#ETH
First Target: 2226 Reached
Second Target: 2264 Reached
Third Target: 2315 Reached

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