Hello mate, I hope you're doing great.
As you can see on the chart the latest ETH price broke the previous "B" resistance area.
This is a Bullish signal that made a Fibonacci activated.
The Low Risk target of that Fibonacci is the First Green area around $3,150.
But the target of our broken Descending channel is around $3,300 that overlaps the 1.272 Fib Extension.
If you enjoyed my Technical Analysis, don't forget the hit the LIKE button.
Feel Free to ask your questions or share your ideas in comment section.
As you can see on the chart the latest ETH price broke the previous "B" resistance area.
This is a Bullish signal that made a Fibonacci activated.
The Low Risk target of that Fibonacci is the First Green area around $3,150.
But the target of our broken Descending channel is around $3,300 that overlaps the 1.272 Fib Extension.
If you enjoyed my Technical Analysis, don't forget the hit the LIKE button.
Feel Free to ask your questions or share your ideas in comment section.
Trade active:
The Stop-loss isn't hit yet so the TA is still active.
the support area should be broken downwards to activate stop-loss.
the support area should be broken downwards to activate stop-loss.
Trade active:
The ROAD TO THE ELDORADO is still on.
Trade closed: target reached:
We're done with this TA! Target has been reached.
