Ethereum 4-Hour Analysis: Ascending Triangle Points to a Bullish

1 Oca

What’s Happening with Ethereum?

The trend is BULLISH, and we’re seeing a triangle pattern that could be the key to our next big trade. Let me break down my strategy so you can take full advantage of this move!

My Strategy:

Pattern Identification: We’ve spotted an ascending triangle on the 4-hour chart with a key resistance at $3,472.
Entry (Buy Limit) $3,472: If the price breaks this resistance with strength, we’ll place a buy order and aim for $3,878.
Risk Management: To protect ourselves from unexpected reversals, we’ll set a Stop-Loss at $3,095.

Key Confirmation: We’ll only enter if there’s increasing volume to avoid false breakouts.
Why This Strategy? An ascending triangle like this often signals a continuation of the bullish trend. With solid risk management, we’re aiming for a strong risk/reward ratio while staying aligned with the market’s momentum.

Disclaimer: This content is for informational and educational purposes only. It is not financial advice. Always do your own research and consult with a licensed financial advisor before making any investment or trading decisions. Trading involves significant risk, and past performance is not indicative of future results.

7 Oca

Not

The ascending triangle seems to confirm a bullish move. Watching the resistance level around $3,878 as a potential breakout point.