Although not ready for entry, we have a nice Falling Wedge pattern forming on the ETHBTC 4HR charts.
Based on the pattern we can expect a move of ~0.005959 from breakpoint, multipled by 0.62 (62% chance of reaching target)
and we get a basic trade plan of:
Entry: After bar closes beyond pattern(risky), or after a full bar has opened and closed beyond the pattern (fully confirmed)
TP: ~0.00369518 from the breakpoint
SL: last swing low, currently at ~0.0316 but likely to change before pattern breaks and confirms.
Pattern info: thepatternsite.com/fallwedge.html
Based on the pattern we can expect a move of ~0.005959 from breakpoint, multipled by 0.62 (62% chance of reaching target)
and we get a basic trade plan of:
Entry: After bar closes beyond pattern(risky), or after a full bar has opened and closed beyond the pattern (fully confirmed)
TP: ~0.00369518 from the breakpoint
SL: last swing low, currently at ~0.0316 but likely to change before pattern breaks and confirms.
Pattern info: thepatternsite.com/fallwedge.html
Pesanan dibatalkan
Broke through bottom due to bitcoins recent rise. Moving on to next setup.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.