ETH is testing the $2,712–2.718 area near the 4h EMA20 ($2.707) after adjusting down from the $2.807 resistance; the 15m RSI has fallen deeply into the oversold zone at 28.7.
$ETH – LONG
Trading plan:
Entry: $2,712.41 – $2,718.07
SL: $2,686.91
TP1: $2,766.23
TP2: $2,790.78
TP3: $2,819.11
Why this setup?
• The 4h trend is LONG; EMA20=$2,707.61, EMA50=$2,606.44.
• RSI 15m=28.7; RSI 4h=59.9.
• ATR 1h=$18.8857; the entry is around the current price, TP1 has R:R 1.8.
Discussion:
If buyers step back in at the EMA20, the move up to TP1/TP2 is very plausible; but if the 4h candle closes below $2.686, the uptrend structure is broken and the SL would be hit before any rebound.
Click here to trade 👇
$ETH – LONG
Trading plan:
Entry: $2,712.41 – $2,718.07
SL: $2,686.91
TP1: $2,766.23
TP2: $2,790.78
TP3: $2,819.11
Why this setup?
• The 4h trend is LONG; EMA20=$2,707.61, EMA50=$2,606.44.
• RSI 15m=28.7; RSI 4h=59.9.
• ATR 1h=$18.8857; the entry is around the current price, TP1 has R:R 1.8.
Discussion:
If buyers step back in at the EMA20, the move up to TP1/TP2 is very plausible; but if the 4h candle closes below $2.686, the uptrend structure is broken and the SL would be hit before any rebound.
Click here to trade 👇
