Ethereum - Bullish Bat
Hello traders, today we have ETH/USD on the 4h chart with a potential bullish bat pattern, it's currently completing the C to D leg and closing in on the PRZ.
This is very similar to my previous analysis with Bitcoin.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
As mentioned the D point aligns with the daily support trendline which provides an excellent area to buy.
More crypto analysis on the way :)
I'll be looking for additional confirmation before taking the trade!
This is very similar to my previous analysis with Bitcoin.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
As mentioned the D point aligns with the daily support trendline which provides an excellent area to buy.
More crypto analysis on the way :)
I'll be looking for additional confirmation before taking the trade!
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.