Still Alert: Ethereum formed a bearish channel; still bullish!!!
In this technical analysis, Ethereum in H1 timeframe we have that Ethereum it's stil into this support important in H4 timeframe of grey color. So, I as we have into this bullish shoulder head shoulder, Ethereum still bullish. So, I didn't see that, but i believe that all short position its will need inmediately liquidated and reccomend to we are still into this grey support strong that Ethereum still bullish in short term. I have an objective of my target profit toward the $620 USD in short term.
Looking this timeframe, Ethereum still bullish and we can't to to believe that Ethereum it's make a support above of $590 USD!!!
***Also to mentioned, I change the plan to accumulate Ethereum assets. In least to find up 30% weekly the best it's to find up 20% weekly, so 20% weekly it's a razonable percentage to reach my weekly's goals.
And looking this timeframe, in Daily we are so bullish, just that we have this support trend line key and then, we culd see that in the few days, Ethereum could experiment any up.
The latest technical analysis of Ethereum will be invalided and cancelled the short position becuase Ethereum still support above of $590 USD in two occasion. So, we follow the trend!!!
And if you check the 30 minutes, also we have a good confirmation to put any long position above of $590 USD. So, also I believe that H1 timeframe it's so important to look the trend if the trend experiment any change of reversion. For that reason, H1 I don't have any doubt that it's important for us
Details:
1. Position: Long
2. Price Entry: $591 USD (Buy Order Limit)
3. Stop Loss: $578 USD
4, Take Profit: $620 USD
Looking this timeframe, Ethereum still bullish and we can't to to believe that Ethereum it's make a support above of $590 USD!!!
***Also to mentioned, I change the plan to accumulate Ethereum assets. In least to find up 30% weekly the best it's to find up 20% weekly, so 20% weekly it's a razonable percentage to reach my weekly's goals.
And looking this timeframe, in Daily we are so bullish, just that we have this support trend line key and then, we culd see that in the few days, Ethereum could experiment any up.
The latest technical analysis of Ethereum will be invalided and cancelled the short position becuase Ethereum still support above of $590 USD in two occasion. So, we follow the trend!!!
And if you check the 30 minutes, also we have a good confirmation to put any long position above of $590 USD. So, also I believe that H1 timeframe it's so important to look the trend if the trend experiment any change of reversion. For that reason, H1 I don't have any doubt that it's important for us
Details:
1. Position: Long
2. Price Entry: $591 USD (Buy Order Limit)
3. Stop Loss: $578 USD
4, Take Profit: $620 USD
Trade active:
The trade ita active!!!
Comment:
And remember, we formed this bearish channel, but that mean that Ethereum it's into this accumulation time to continue bought Ethereum!!!
And remember, we formed this bearish channel, but that mean that Ethereum it's into this accumulation time to continue bought Ethereum!!!
Now, remember that Ethereum still this elliot wave analysis and we are in the correction #4
And then, lookin the H1 we formed a simetric triangle flag. So, if you follow the macrotrend as Daily or H4 or H8 timeframe. I notice that Ethereum still bullish and also, as in the pass we would have a bullish shoulder head shoulder.