ETH 1D breakout
Updated
ETH began to fall after rising to a high of 1744.60 at the beginning of this year, and fell below the support trend line, and the lowest price came to 1367.15.
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At present, ETH has broken through the resistance trend line. On the condition of stepping back on the fibonacci sequence range of 0.382~0.5, the stop profit price is set at 2001.90~2081.35, and the stop loss is at the low point of 1367.15.
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This is a long order in the 1D chart, and it should be operated with low leverage or spot entry.
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If the daily closing price is above 1744.60, ETH will have a large head and shoulders pattern.
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At present, ETH has broken through the resistance trend line. On the condition of stepping back on the fibonacci sequence range of 0.382~0.5, the stop profit price is set at 2001.90~2081.35, and the stop loss is at the low point of 1367.15.
-
This is a long order in the 1D chart, and it should be operated with low leverage or spot entry.
-
If the daily closing price is above 1744.60, ETH will have a large head and shoulders pattern.
-
Note
ETH broke through the high point of 1744.60, and the reverse H&S pattern was established. The first target is 2001.90~2081.35, and there are still two target prices above: 2160.80 and 2418.10.
Note
inverse H&S.Note
ETH 1D has been in a state of consolidation since the inverse H&S pattern appeared.Looking at the 4 hr chart:
After the price stepped back on the trend line, there was an upward trend, and the current price fell back to the support trend line. If the price falls below, you can pay attention to 1785.40, 1766.35, 1744.60~1747.30.
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