ETH: LONG from 1590-1600 USD

31 Ağu 2022

It seems that Ethereum (ETHUSD) has broken out of the descending wedge upward.
Let's catch his potential movement to the next key level 1700 USD.
I’m going to open LONG position now.
Entry 1590-1600 USD
Take profit 1680 USD
Stop loss 1550 USD

Ask for more analysis details in comments.

On a higher time frame (4h) we can also see the other significant levels and lines:

1 Eyl 2022

İşlem kapandı: durdurma seviyesi

It's time to say unpleasant.
The controlled losses are still losses.
Yesterday's long position was closed with the Stop Loss @1950 USD :(

However, the overall market picture hasn't changed dramatically.
This mean that another long trade on ETHUSD could be possible later today.
Keep watching...