ETHUSDT | Wave Analysis | Massive Bull Flag +70%
Price action and chart pattern trading setup:
> A potential ABC correction reversal pattern with MACD bullish divergence below baseline
> The price is currently trading between SMA20D vs SMA50D
> The current C wave position retraced 0.786 of A wave with a bullish inside combo pattern
> Entry @ pullback SMA20 zone
> TP1 @ bullish inside price action combo +25-30% near upper bull flag resistance and slightly above SMA200D
> Stop @ C wave position -10-12% downside
> Risk reward ratio: 2:1
If the price breakout this massive bull flag - this will confirm the new uptrend 1-2 pattern and the flag resistance will become the support with an estimated +70% upside from the current trading price.
Always trade with affordable risk and respect your stoploss
> A potential ABC correction reversal pattern with MACD bullish divergence below baseline
> The price is currently trading between SMA20D vs SMA50D
> The current C wave position retraced 0.786 of A wave with a bullish inside combo pattern
> Entry @ pullback SMA20 zone
> TP1 @ bullish inside price action combo +25-30% near upper bull flag resistance and slightly above SMA200D
> Stop @ C wave position -10-12% downside
> Risk reward ratio: 2:1
If the price breakout this massive bull flag - this will confirm the new uptrend 1-2 pattern and the flag resistance will become the support with an estimated +70% upside from the current trading price.
Always trade with affordable risk and respect your stoploss
交易結束：目標達成
The current price action revisiting 50 day support with bearish divergence if breakdown could further decline to 200 day support take partial profit recommended: 
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