Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

ETHEREUM buy trade explained - 30 April 2024 - By Vladimir Ribakov #trading #forex #viral #shorts

1 May 2024 · 1 min

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Vladimir Ribakov breaks down a bullish Ethereum trade from April 30, 2024 on the 4-hour chart. He spots higher highs on price and MACD, a bullish ADX, and a falling trend line break with MACD divergence signaling buyers returning. The setup triggers a buy on the dip at a defined support zone, and Ethereum rallies hard afterward.

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Here is my buy trade on Ethereum fully explained. 4-hour chart made classical bullish structure— higher highs on the chart, higher highs on the MACD histogram flipping from positive to negative to higher positive. ADX indicator was bullish supporting the buys, and Heikin-Ashi candles are bullish supporting the buys. The trading plan is simple: buy the dips as long as the support zone holds. Here comes the pullback, and at the end of the pullback The downtrend line is broken upside while the MACD completes a bullish divergence. Hint: buyers are coming in. The trigger comes with the break above the falling trend line, and this is an amazing buy trade. And as you can see, the supportive zone holds and the rally takes place. Ethereum delivers phenomenal rally since then.