Hi everyone,
PureStructureNoBS here to provide real TA with entries and targets.
Ethereum recently broke bearish from a triangle consolidation. It is now looking for support in the green box area for a 3rd touch off the trend line. $110-115 is a strong support area and Fib retracement .786 is at $114.5. I think we will get a big bounce off the green box to the top of the wedge at the $160-170 range. This is a great 8:1 risk reward opportunity.
Remember, number one rule is managing your risk carefully
Feel free to share your thoughts in the comment section
Cheers
Pervious Analysis:
PureStructureNoBS here to provide real TA with entries and targets.
Ethereum recently broke bearish from a triangle consolidation. It is now looking for support in the green box area for a 3rd touch off the trend line. $110-115 is a strong support area and Fib retracement .786 is at $114.5. I think we will get a big bounce off the green box to the top of the wedge at the $160-170 range. This is a great 8:1 risk reward opportunity.
Remember, number one rule is managing your risk carefully
Feel free to share your thoughts in the comment section
Cheers
Pervious Analysis:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.