🟢 ETHUSDT - 1H (16.09.2022)
Updated
ETHUSDT
TF: 1H
Side: Long
Pattern: Falling Wedge
Entry: Between $1,446.59 & $1,481.57 (Red area)
SL: $1,446.59
TP 1: $1,496.44
TP 2: $1,527.27
TP 3: $1,552.20
TP 4: $1,577.12
Falling wedge has developed after yesterday's downtrend which invalidated previous chart. It should pick up here now.
RSI is oversold so confirms potential upward momentum.
TF: 1H
Side: Long
Pattern: Falling Wedge
Entry: Between $1,446.59 & $1,481.57 (Red area)
SL: $1,446.59
TP 1: $1,496.44
TP 2: $1,527.27
TP 3: $1,552.20
TP 4: $1,577.12
Falling wedge has developed after yesterday's downtrend which invalidated previous chart. It should pick up here now.
RSI is oversold so confirms potential upward momentum.
Comment
Added some more to the position as not using SL on this.Adjusted Fib Retracement so new targets are as follows:
TP 1: $1,465.36
TP 2: $1,502.13
TP 3: $1,531.86
TP 4: $1,561.58
Trade closed: stop reached
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