ETHEREUM - Short-Term Analysis (Horizontal Channel) Update No. 1
Updated
Hello my friends!
Another successful trade from the bottom of the channel to the Channel Resistance. Please check my last idea (linked below) to see how this worked out.
The Channel Resistance has been tested multiple times and it seems like a breakout of this channel is currently happening.
To confirm this scenario, we need to close above the Channel Resistance at the 185.00 area - which is also our Buy Zone (Yellow Box).
Our target is located at our previous high - slightly below 193.75.
Please wait for a confirmation first. 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
Another successful trade from the bottom of the channel to the Channel Resistance. Please check my last idea (linked below) to see how this worked out.
The Channel Resistance has been tested multiple times and it seems like a breakout of this channel is currently happening.
To confirm this scenario, we need to close above the Channel Resistance at the 185.00 area - which is also our Buy Zone (Yellow Box).
Our target is located at our previous high - slightly below 193.75.
Please wait for a confirmation first. 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
Comment
Target in sight!Trade closed: target reached
Comment
Update:
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