Ethereum / TetherUS
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#ETH/USDT — 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 heading for 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.

There is a key support zone in green at 2030, 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: 2070
Target 1: 2118
Target 2: 2175
Target 3: 2242

Stop Loss: At the resistance zone in green

Remember this simple rule: Money management.

Any questions, please leave a comment.

Thank you.
تم فتح الصفقة
#ETH
Target 1: 2118 Reached
Target 2: 2175 Reached
أغلقت الصفقة: تم الوصول للهدف
لقطة

Target 1: 2118
Target 2: 2175
Target 3: 2242

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