Hello mate, I hope you're doing great.
As you can see on the chart the latest ETH price broke the previous "B" resistance area.
This is a Bullish signal that made a Fibonacci activated.
The Low Risk target of that Fibonacci is the First Green area around $3,150.
But the target of our broken Descending channel is around $3,300 that overlaps the 1.272 Fib Extension.
If you enjoyed my Technical Analysis, don't forget the hit the LIKE button.
Feel Free to ask your questions or share your ideas in comment section.
As you can see on the chart the latest ETH price broke the previous "B" resistance area.
This is a Bullish signal that made a Fibonacci activated.
The Low Risk target of that Fibonacci is the First Green area around $3,150.
But the target of our broken Descending channel is around $3,300 that overlaps the 1.272 Fib Extension.
If you enjoyed my Technical Analysis, don't forget the hit the LIKE button.
Feel Free to ask your questions or share your ideas in comment section.
Trade active
The Stop-loss isn't hit yet so the TA is still active.the support area should be broken downwards to activate stop-loss.
Trade active
The ROAD TO THE ELDORADO is still on.Trade closed: target reached
We're done with this TA! Target has been reached.
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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.
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.