ETHUSDType: Long
Entry: Break above 414
Stop: 396
Take Profit Target: 442
Rationale
- Pattern ascending triangle
- Price support so far well on 406
There is a possibility of further downside and shall wait for break of either side to enter a trade.
- RSI level showing bullish divergence
Playing a bounce for a quick 6%!
Note
Trade is invalid, as you can see entering before the pattern forms is a bad sign. Always wait for confirmation, could have entered a short but didn't want to risk it.
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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.