empty
 
 
28.03.2022 06:38 AM
ETHUSD, Bullish Pressure | 28th March 2022

This image is no longer relevant

On the H4, with price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 3414 in line with the horizontal swing high resistance and 161.8% Fibonacci extension level from our 1st support of 3269 in line with the horizontal pullback support. Alternatively, price may break 1st support structure and head for 2nd support at 3187 in line with the horizontal pullback support.

Trading Recommendation

Entry: 3269

Reason for Entry:

Horizontal pullback support

Take Profit: 3414

Reason for Take Profit:Horizontal swing high resistance and 161.8% Fibonacci extension

Stop Loss: 3187

Reason for Stop Loss:

Horizontal pullback support

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Dean Leo
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback