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#ETH/USDT — Descending Wedge & High R/R Zone

222
#ETH

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated.

There is a key support zone in green at 2164, and the price has bounced from this level several times. Another bounce is expected.

The indicator is showing a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move.

Entry Price: 2240
Target 1: 2305
Target 2: 2373
Target 3: 2465

Stop Loss: Below the green support zone.

Remember this simple thing: Money management.

For any questions, please leave a comment.

Thank you.
Dagangan aktif
syot kilat
#ETH
Target 1: 2305 Reached
Target 2: 2373 Reached
Dagangan ditutup: sasaran tercapai
#ETH
Target 1: 2305 Reached
Target 2: 2373 Reached
Target 3: 2465 Reached

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.