#ETH
The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is heading towards breaking it. A retest of this boundary is expected.
The Relative Strength Index (RSI) is showing an upward trend, as it has approached the upper boundary. A bearish reversal is expected.
There is a key support zone in green at 1794. The price has bounced from this zone several times and is expected to bounce again.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 1920
First Target: 1958
Second Target: 2022
Third Target: 2103
Stop Loss: Above the green support zone.
Don't forget one simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the hourly timeframe. It has reached the upper boundary and is heading towards breaking it. A retest of this boundary is expected.
The Relative Strength Index (RSI) is showing an upward trend, as it has approached the upper boundary. A bearish reversal is expected.
There is a key support zone in green at 1794. The price has bounced from this zone several times and is expected to bounce again.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 1920
First Target: 1958
Second Target: 2022
Third Target: 2103
Stop Loss: Above the green support zone.
Don't forget one simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
Trade active
#ETH
First Target: 1958Reached
Second Target: 2022 Reached
Trade closed: target reached
#ETH
First Target: 1958Reached
Second Target: 2022 Reached
Third Target: 2103 Reached
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📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
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👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.