BYBIT:ETHUSD
1D trend chart
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ETH completed the big cup and handle pattern as we predicted before.
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Further, it gets lots of correction and keeps making higher high.
Recently, ETH shows a pullback after hitting TP2, and it's great to see a correction if TP3 is coming.
Additionally, I mark the good support zone in the middle part of the chart, which is formed from 4383.5 and the top of handle pattern, we expect an effective support level showed there.
Therefore, if price go down and consolidate around the support zone, keep observing it with 1H/4H time frame, because an entry timing for long-term trading is gonna show.
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Trading Strategy
Profit targets:
a) 4035.5----Fib(1)--->Already Hit!
b) 4666.45~4921.65--->Already Hit!
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
-
Let's see where ETH can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
1D trend chart
-
ETH completed the big cup and handle pattern as we predicted before.
Further, it gets lots of correction and keeps making higher high.
Recently, ETH shows a pullback after hitting TP2, and it's great to see a correction if TP3 is coming.
Additionally, I mark the good support zone in the middle part of the chart, which is formed from 4383.5 and the top of handle pattern, we expect an effective support level showed there.
Therefore, if price go down and consolidate around the support zone, keep observing it with 1H/4H time frame, because an entry timing for long-term trading is gonna show.
-
Trading Strategy
Profit targets:
a) 4035.5----Fib(1)--->Already Hit!
b) 4666.45~4921.65--->Already Hit!
c) 6355.25----Fib(2)
Anyway, never forget to control your risk
-
Let's see where ETH can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
