Ethereum and Bitcoin Higher Targets. See the chart!

Hello traders,

Here is my latest analysis of Ethereum and this is the 4 hour chart.

Ww see a rising triangle and also 2 inverted head shoulder formations with the red necklines on the chart.
The rising wedge will likely but not certainly cause a smaller or larger pullback but that also gives a better buying opportunity!
Volume is not high at the moment, indicating that partisans are waiting for a better entry moment.

Entry is shown on the chart as well as targets. For now end target 4100 USD but it could possibly go higher later.
The ascending blue line should not be broken so keep an eye on it!

I expect a rise for the rest of the year after studying the longer timeframes.

Stops and targets, everything can be seen on this chart.

Good luck traders!


Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!

--->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚

Комментарий:

----->>>> IMPORTANT <<<<-----

Dear traders,

This idea of a going LONG on Ethereum becomes valid ONLY if the price reaches entry point (with a short stoploss under the entry point) or entry point 2 (with a re-test first) and stoploss as indicated. On a breakout above 2950, one can possibly go long as well but with the risk of price falling back before a retest of the trendline.

--- >>> If the blue upward trend line is broken (to be sure with a close of a 4 hour candlestick), then we are heading for a very serious decline.
Holding positions below the blue line is a guarantee of substantial losses. If your stop is hit in this position, you have a small loss. The stop is of vital importance. <<<---

Wish you Happy and safe trading!

Good luck!

Комментарий:

Here a short update.
This trade is not yet triggered as explained before.
Now watch closely the following.
The rising wedge give a target which will invalidate the bullish scenario! Possible however only the trendline will be re-tested.

Сделка активна:

Beste traders,

Ethereum heft de onderkant van de stijgende driehoek geraakt. Dit kan een mooi aankoop moment zijn.
Stop loss 2514 target 2900 afhankelijk van prijs actie.
Een slot onder de rode stijgende trendlijn voorspelt een fikste daling dus zonder stop is nooit een optie! Ook money management max 1-2 risico van je trading capitaal
Dit is geen tradeadvies maar een trade die ik zelf heb uitgevoerd. Doe altijd zelf onderzoek traders alvorens je advies neemt en bevestig het met je eigen bevindingen.
Succes!

Комментарий:

Oeps, I posted in my own language Dutch but cannot remove it anymore.

Dear traders,

Ethereum has hit the bottom of the ascending triangle. This may be a good time to buy.
Stop loss 2514 target 2900 depending on price action.
A close below the red rising trend line predicts a bigger decline so no stop is never ever an option! Also money management max 1-2 risk of your trading capital is needed!

TGuys, This is not a trade recommendation but a trade which I executed myself.

Always do your own research traders before taking advice and confirm it with your own findings.

Good luck and safe trading!

Комментарий:

Guys, here you see a chart I just made from Bitcoin so you see where we are in the triangle!

Комментарий:

It is close, even to the extreme but still looking good!

Комментарий:

Now we see a nice bullish candle (not finished yet) and good volume which validate the candle.

Комментарий:

Dear traders,
This trade is going exceptionally well. I just got full in on the trend line with a short stop as indicated earlier. I did that because it was a very good trade in terms of risk reward.
Now for the coming days, as long as Bitcoin does not break out of the triangle downwards the bullish scenario will continue to play out.
Wish you good luck and safe trading!

Комментарий:

The fear index is almost at its lowest. Now we are climbing the wall of fear. Fear index can predict higher targets. Nothing is sure in TA but these indicators are measuring the heard sentiment and as you all know, the heard is always wrong.
Safe trading guys!

Сделка закрыта: достигнута тейк-профит цена:

Traders, Is closed my position here because there is very little volume and not so uch space to the neckline where resistance is waiting.
New trades continue on a new post!
Hope you made also some profits here!
Happy trading!

Комментарий:

This happened after our trade was closed: