Ethereum / Dollar by Rocket Bomb 🚀💣

٢٦ يناير ٢٠٢١Hi, guys, let's look at Ethereum, I wanna share my thoughts with You ♥️



On the right side You can see Ethereum/Dollar on 1d chart. The price going in ascending channel and most likely soon will see a growth up to 1600 -1700 - 1800$.

An ascending channel occurs when visually analyzing an overall uptrend in the asset price. It is a method of technical analysis where the bottom line is described as the trendline “support” and the top line is called the “resistance.”

Trading the Ascending Channel. - For stay safe, and according to the rules of technical analysis, you should wait for the breakdown of ascending channel !! But also you can buy at the bottom of the channel, it's up to you to decide what to do!😉

A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security's price abruptly reverses. Traders who use this strategy should ensure there is enough distance between the pattern's parallel lines to set an adequate risk/reward ratio!

For stay safe, and according to the rules of technical analysis, you should wait for the breakdown of ascending channel !! But also you can buy at the bottom of the channel, it's up to you to decide what to do!😉

If you are interested in how to trade using channels or other figures of technical analysis, write in the comments, I'll be happy to create an EDU post for You.

Stay safe and profitable🙏🏻

I try to be useful to You🧡
Always sincerely with You😊
Your Rocket Bomb🚀💣