ETHEREUM is getting ready for a major breakout (12H)

25 Apr

This analysis is an update of the analysis you see in the "Related publications" section

The red zone represents a supply area based on the Philip strategy. It’s possible that the price might not be able to break through this zone on the first attempt. If the price gets rejected, the lower green box will be a re-entry opportunity for those who missed the move.

Let’s closely monitor this chart and see how it plays out.

A daily candle closing below the invalidation level will invalidate this analysis. invalidation level : 1198$

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

1 Mei

Dagangan aktif

Now that everyone is optimistic about the market and opening leveraged long positions, we must remind you that Ethereum and Bitcoin are approaching supply zones.

There is a possibility that Ethereum will get rejected from the red zone as mentioned in previous analyses, and it may revisit the lower area before starting the main move from the lower green box.

Be very cautious and precise when taking positions in this market zone.