ETHEREUM - Short-Term Analysis (Horizontal Channel)
Updated
Hello my friends!
After a successful short trade from the Channel Resistance (184.65) to the Channel Support (180.20)
we are now able to open a long position for Ethereum (ETH). Our first target is again at the top of the Channel (Yellow Box).
Since the Channel Resistance both has been tested multiple times, the price might break the Resistance and move to our final Target located at 193.30.
The latter is pure speculation. Please wait for further confirmations first.
Our entry from 180.00 to 181.00 is confirmed by the StochRSI and the MACD hovering around 0.
I will update this chart accordingly!
What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
After a successful short trade from the Channel Resistance (184.65) to the Channel Support (180.20)
we are now able to open a long position for Ethereum (ETH). Our first target is again at the top of the Channel (Yellow Box).
Since the Channel Resistance both has been tested multiple times, the price might break the Resistance and move to our final Target located at 193.30.
The latter is pure speculation. Please wait for further confirmations first.
Our entry from 180.00 to 181.00 is confirmed by the StochRSI and the MACD hovering around 0.
I will update this chart accordingly!
What is your trading plan for the next weeks? Feel free to share your ideas in the comments section.
You can also support me on Patreon and enjoy some great benefits.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Trade active
180.50 (long)Trade closed: target reached
i will update this Chart asapNote
Updated No. 1:
Strategies, Insights & Education: t.me/KOLAcademy
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