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ETH/USD (Ethereum vs. US Dollar) on a 1-hour timeframe ,

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ETH/USD (Ethereum vs. US Dollar) on a 1-hour timeframe (BITSTAMP exchange).



Key Elements in the Chart:

• Entry Zone: Marked around 2,478 - 2,513, indicating a potential sell entry area.

• Trendline: A descending trendline suggests a downtrend continuation.

• Target Area: The price is expected to move downward toward 2,319 - 2,317 as shown by the projected path.

• Current Price Level: 2,478.2 at the time of the screenshot.



Interpretation:



The setup suggests a short trade (sell position) from the entry zone, expecting the price to reject the resistance and continue downward in line with the existing bearish trend. The chart follows a trend continuation strategy, predicting a drop to the 2,319 - 2,317 support level.
交易結束:目標達成
TARGET REACHED, 260 pips.

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