#ETH IS TRADING INSIDE THIS DESCENDING CHANNEL PATTERN!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Welcome to this ETH update.
ETH is trading side this b=descending channel pattern and currently holding above this 1500 support if it breakout this channel then it can bounce well but in case it breaks down this level then it can drop up $1250 level.
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Ethusdtsignal
If ETH falls again, will be a MACD bottom divergence, go longIf ETH falls again, there will be a MACD bottom divergence, go long
Reason 1: The next strong support for ETH is around 1468. If there is a good support pattern, it will be an opportunity to go long.
Reason 2: If MACD falls again, there will be a big cycle bottom divergence, 2H and 4H, there will usually be a wave of rebound
The judgment criteria for doing more are whether 1468 can play a supporting role, whether there is a bottom signal, and whether a large cycle bottom divergence is formed.
Let's look forward to this opportunity to make money.
Ethereum forecast and signalLearn and Earn!
after reaching the resistance line ( first target ), we have two scenarios,
first: directly growing and hitting the last target.
two: pullback and reach the stop loss.
So after hitting the first target (which is a resistance line in this position too), close half of your trade and move the stop loss to the entry price.
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Pay attention!
First: Trades have a time term , and in this case, it's from now until the next 12 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
Before the price crosses the mentioned place, the trade position is not Active.
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