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Technical analysis by HolRiz about Symbol ETH: Buy recommendation (2/25/2024)

https://sahmeto.com/message/998978
HolRiz
HolRiz
Rank: 6729
1.5
Buy،Technical،HolRiz

ETHUSD - Breakout trade: Trend continuation Go Long here @ $3034, TP: $3291 (next resistance), SL: $2901 (previous pivot low). Breakout occurred above from ascending triangle pattern resistance. In uptrend (price higher than 250MA). Trend continuation trade. 2:1 R.R. 3-5% of fund risked. Sells placed for 50% at 1:1. Move stops if new pivot lows form. 60% win probability estimated (maybe higher looks bullish). ETHUSD ETHUSDT

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Price at Publish Time:
$3,022.13
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