Track the correction on 30min in Ethereum to catch the big move.

Candlestick Chart
+ The moving average lines are contracted.
+ Track the price until it crosses either 50ema or 100ema lines.
+ It may test the level of 200ema to end its correction.
+ So, the levels of 1600 to 1626 may be tested to complete the correction.

Renko Chart (Brick Size = 7.5)
+ Fibonacci Retracement
The price can test the level of 1626 which is 38% level of retracement.

Conclusion:
1. The coin is in the correction mode.
2. Wait for the correction to be completed.

Thanks
Er. Simranjit Singh Virdi

تم فتح الصفقة:

Support on 1687.50 is formed.
And we can draw a triangular pattern by using this support level.
We can also execute a long trade on the breakout of the triangle.

Renko chart (Brick Size = 3.75)
This breakout will form 2 new bricks on the previous brick.
By this 3 Green Bricks / Base zone will be structed.

تم فتح الصفقة:

Got a breakout of the triangle.
Total 2 Green Bricks are constructed after the reversal on Renko Chart

I executed a long trade on the level of 1700
with a stop level of 1685.50

تم فتح الصفقة:

Accidentally I missed the target and stoploss.
So, I reanalyzed the charts.
1) Price successfully tested its 200ema.
2) On Renko Chart Brick Size of 5 has constructed 5 green bricks.
So, I hold my position with a new revised stoploss.