"Jack's Trading Classroom: ETHUSD Ethereum Bullish Target"
Original trading classroom by Jack, "ETHUSD Ethereum Bull Target"
Table of Contents
Currently, we can see the ETHUSD four-hour and 15-minute candlestick charts. In the four-hour chart, Ethereum retraced to the channel formed by EMA144 and EMA169, and closed above the EMA12 filter line, thus forming a bullish pattern.
A double bottom pattern is forming within the 15-minute chart, with the potential to reach the Fibonacci sequence 200 position at 410.95. A death cross is forming above the moving average in the 15-minute chart, indicating a selling pressure zone. Additionally, it overlaps with the previous high of 419.75, presenting opportunities for rebounds at 410.95 and 419.75.
In recent days, the digital currency market has seen significant volatility. It is recommended for operators to strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, and readers should exercise caution when considering it. Cryptocurrency trading may pose risks to your capital.
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