ETH → Mad Dash to $2,500? Or Rejected to $1,800? Let’s Answer.

Ethereum is at a crucial moment in its journey to break the $2,100 resistance area. We're currently in an ascending triangle, a bullish pattern, knocking on the resistance zone door. Will it break through?


How do we trade this?

ETH → Mad Dash to $2,500? Or Rejected to $1,800? Let's Answer.

If you are not in a trade right now, do not enter one. We should not be longing resistance nor should we be shorting without a sell signal and confirmation. Wait for a break of resistance followed by a test of resistance as support to long. To short, we need a clear sell signal bar and confirmation candle closing on or near its low.

Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit.


Trade Idea

[b]Long Entry[/b]: $2,250
Stop Loss: $2,127.50
Take Profit: $2,495
Risk/Reward Ratio: 1:2


Key Takeaways

1. Ascending Triangle, Bullish Signal!
2. Strong Support on Daily 30EMA.
3. At Resistance Zone, Do Not Long Here!
4. RSI above Moving Average and around 60.00. Bias to Long.
5. Use caution, watch for a reversal signal!


You are solely responsible for your trades, trade at your own risk!

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