ETH - 2 Great scenarios for Entry
ETHUSDT1H trend chart
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ETH is getting a correction after a CH pattern completed(target is 3400)
Here, we can wait it to retest and show support at long-term downtrend line, the better scenario is that hit 144/169ema, then rally back to 12ema quickly.
It would be a great entry timing to long.
Also, a bullish flag is forming on 1H, so there is another timing to take entry if broke out this flag.
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Profit Targets:
a) 3235----Fib(1)
b) 3414.25~3486.75----Fib(1.272~1.382)
c) 3564.5----Fib(1.618)
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