This chart presents a long trade setup for Ethereum (ETH/USD) on the 4-hour timeframe. Here’s a professional breakdown of the analysis:
Trade Idea: Long Position
Entry Zone: Around $2,067
Stop Loss: $1,883 (Red zone)
Take Profit: $2,400 (Blue zone)
Technical Analysis:
ETH appears to be breaking out of a descending trendline, signaling a potential bullish reversal.
The setup suggests a move toward $2,400, aligning with previous resistance levels.
Volume analysis supports increasing buying momentum.
Risk-Reward Ratio: Favorable, offering a strong upside while limiting downside exposure.
Trade Idea: Long Position
Entry Zone: Around $2,067
Stop Loss: $1,883 (Red zone)
Take Profit: $2,400 (Blue zone)
Technical Analysis:
ETH appears to be breaking out of a descending trendline, signaling a potential bullish reversal.
The setup suggests a move toward $2,400, aligning with previous resistance levels.
Volume analysis supports increasing buying momentum.
Risk-Reward Ratio: Favorable, offering a strong upside while limiting downside exposure.
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.
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.