ETH is consolidating as presumed, and left a long tail at neckline which I marked on last post(link as below)
- During this period of consolidation, it retested the support zone many times and formed a short-term downtrend line on 4H chart. So we can presume this support level works. - For Aggressive traders You can take entry while this downtrend line broken out or price retested the neckline again.
For Conservative traders Keeps waiting till price stands firm at $4035.59(which is the completion of Handle pattern) - Targets As our setup Profit targets: a) 4035.5----Fib(1) b) 4666.45~4921.65----Fib(1.272~1.382) c) 6355.25----Fib(2) Anyway, never forget to control your risk - Let's see where ETH can bring us to! - If you like this analysis, give it a like and leave a comment below to share your thoughts or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!