#ETH
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 4500, acting as strong support from which the price can rebound.
We have a major support area in green that pushed the price upward at 4485.
Entry price: 4525
First target: 4545
Second target: 4573
Third target: 4604
To manage risk, don't forget stop loss and capital management.
When you reach the first target, save some profits and then change your stop order to an entry order.
For inquiries, please comment.
Thank you.
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 4500, acting as strong support from which the price can rebound.
We have a major support area in green that pushed the price upward at 4485.
Entry price: 4525
First target: 4545
Second target: 4573
Third target: 4604
To manage risk, don't forget stop loss and capital management.
When you reach the first target, save some profits and then change your stop order to an entry order.
For inquiries, please comment.
Thank you.
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🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.