ETH/USD (Ethereum vs. US Dollar) on a 1-hour timeframe (BITSTAMP exchange).
Key Elements in the Chart:
• Entry Zone: Marked around 2,478 - 2,513, indicating a potential sell entry area.
• Trendline: A descending trendline suggests a downtrend continuation.
• Target Area: The price is expected to move downward toward 2,319 - 2,317 as shown by the projected path.
• Current Price Level: 2,478.2 at the time of the screenshot.
Interpretation:
The setup suggests a short trade (sell position) from the entry zone, expecting the price to reject the resistance and continue downward in line with the existing bearish trend. The chart follows a trend continuation strategy, predicting a drop to the 2,319 - 2,317 support level.
Key Elements in the Chart:
• Entry Zone: Marked around 2,478 - 2,513, indicating a potential sell entry area.
• Trendline: A descending trendline suggests a downtrend continuation.
• Target Area: The price is expected to move downward toward 2,319 - 2,317 as shown by the projected path.
• Current Price Level: 2,478.2 at the time of the screenshot.
Interpretation:
The setup suggests a short trade (sell position) from the entry zone, expecting the price to reject the resistance and continue downward in line with the existing bearish trend. The chart follows a trend continuation strategy, predicting a drop to the 2,319 - 2,317 support level.
Dagangan ditutup: sasaran tercapai
TARGET REACHED, 260 pips.
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Penafian
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Join us for daily updates and grow your trading skills! t.me/+Xt4b3JSQCdA2NWQ0
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.