ETHEREUM: SYMMETRICAL TRIANGLE BREAKOUT
Updated
Hello traders, here's a quick update and trade setup on ETH in an hourly candle.
We can clearly see a nice symmetrical triangle breakout in ETH which looks good. Scalping ETH with a target close to $1400 will be a good call. Breaking down below $1290 will invalidate the trade setup.
Should you consider taking this trade? Well, that's up to you and your research. If you find it convincing and are willing to take risks then you can jump in with a tight SL.
Note: This is a scalping trade setup. Do not consider this financial advice or a long-term trade setup.
All the best.
We can clearly see a nice symmetrical triangle breakout in ETH which looks good. Scalping ETH with a target close to $1400 will be a good call. Breaking down below $1290 will invalidate the trade setup.
Should you consider taking this trade? Well, that's up to you and your research. If you find it convincing and are willing to take risks then you can jump in with a tight SL.
Note: This is a scalping trade setup. Do not consider this financial advice or a long-term trade setup.
All the best.
Trade closed: target reached
Made a 30% profit on this one with 10x leverage.
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.