Some confluence for long at $165
Hi,
In log scale view, ETH seems drawing a large rising channel in mid-term and a falling wedge in short-term.
Moreover, this area is a previous resistance ($165/170) and price just hitted the 0.707 fibo.
Going long on this level with a tight SL at $160.
First TP at $270.
2nd TP at $350
Good trades.
In log scale view, ETH seems drawing a large rising channel in mid-term and a falling wedge in short-term.
Moreover, this area is a previous resistance ($165/170) and price just hitted the 0.707 fibo.
Going long on this level with a tight SL at $160.
First TP at $270.
2nd TP at $350
Good trades.
Trade active
Note
SL win at 187$.Trade closed: stop reached
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.