$ETH/USDT 8h (Binance Futures) Ascending wedge on support
Ethereum is still up trending in Higher Time Frame and people are buying the dips to accumulate for ETH2.0 Staking!
So far 100EMA seems to be holding too, I believe this is a good opportunity to join them for a small swing inside the rising wedge.
Current Price= 545.02
Buy Entry= 541.05 - 529.01
Take Profit= 569.70 | 594.9 | 594.97
Stop Loss= 511.90
Risk/Reward= 1:1.5 | 1:2.59 | 1:3.4
Expected Profit= +12.96% | +22.40% | +29.38%
Possible Loss= -8.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 360h
So far 100EMA seems to be holding too, I believe this is a good opportunity to join them for a small swing inside the rising wedge.
Current Price= 545.02
Buy Entry= 541.05 - 529.01
Take Profit= 569.70 | 594.9 | 594.97
Stop Loss= 511.90
Risk/Reward= 1:1.5 | 1:2.59 | 1:3.4
Expected Profit= +12.96% | +22.40% | +29.38%
Possible Loss= -8.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 360h
Operación cerrada: objetivo alcanzado
TP2 with +22.40% (2x), that's 2.59REthereum move up as planned, even faster than expected, perfect dip catch!
I still think last target will be reached, it could grow way higher in my opinion.
Nota
TP3 with +29.38% (2x) & 3.4RThat's a wrap, Ethereum made it to last target and could keep growing, but don't forget about taking profit!
Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Always manage risk, respect leverage & position size!
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Auto trading channels using Cornix bot:
t.me/TradingOnCornix (3 TPs)
t.me/HedgeMeDerivatives (1 TP)
t.me/HedgeMeSpot (vs BTC)
Don't hesitate to send DM for more info.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.