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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 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.
Сделка активна
снимок

#ETH
First Target: 1958Reached
Second Target: 2022 Reached
Сделка закрыта: достигнута тейк-профит цена
снимок


#ETH
First Target: 1958Reached
Second Target: 2022 Reached
Third Target: 2103 Reached

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