ETH 4h technical analysis
Hello everyone, hope you all doing good. I'd like to share with you my opinion on ETH.
* This is not a financial advice, use the idea with your own strategy and risk management *
as you can see, we had a good channel in 4h chart, and with crypto market crashing, we broke out of it.
it might still be a false breakout and stop loss hunt for a bigger ride but we have to consider everything.
here you can also see weekly map on chart, to clarify what a weekly map is I gotta say it marks highs and lows of each week and lets just say price likes to go back to these levels. considering that, I have marked all the supports that price might pay a visit with red lines which are 3884,3679 and 3369.
I'd like to see some strong bull candles on support zones, and I have two possible scenarios on this chart which are also drawn on the chart.
and my first target would be 4460.
I'm writing about most of crypto currencies;
Follow me on TRADINGview so you wouldnt miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
* This is not a financial advice, use the idea with your own strategy and risk management *
* This is not a financial advice, use the idea with your own strategy and risk management *
as you can see, we had a good channel in 4h chart, and with crypto market crashing, we broke out of it.
it might still be a false breakout and stop loss hunt for a bigger ride but we have to consider everything.
here you can also see weekly map on chart, to clarify what a weekly map is I gotta say it marks highs and lows of each week and lets just say price likes to go back to these levels. considering that, I have marked all the supports that price might pay a visit with red lines which are 3884,3679 and 3369.
I'd like to see some strong bull candles on support zones, and I have two possible scenarios on this chart which are also drawn on the chart.
and my first target would be 4460.
I'm writing about most of crypto currencies;
Follow me on TRADINGview so you wouldnt miss out any updates.
Like if you think this was helpful and let me know on the comment section below.
* This is not a financial advice, use the idea with your own strategy and risk management *
أغلقت الصفقة: تم الوصول للهدف
First scenario played out, target reached, save some profit
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.