5:1 trade opportunity on Etherium Classic
We have another rising wedge pattern setting up on Etherium Classic.
Reasons for sell trade:
Projected stop loss and take profits targets are shown.
A move above 16.3 would invalidate this setup.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Reasons for sell trade:
- Rising wedge meetings rules
- Decrease in volume
- Break of the RSI trend line
- Bitcoin has similar rising wedge pattern forming
Projected stop loss and take profits targets are shown.
A move above 16.3 would invalidate this setup.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active:
Breakout to downside confirmed
Trade active:
Look to reduce risk now that price is moving in right direction . Can always reverse so good risk management is the key.
Trade active:
I'm slowly adding limit orders to increase position size. Stops above red line to manage risk
Comment:
Trade active:
Hopefully some of you added to you position when i suggested!
Rising wedge patterns in a bear market and very good to trade!
Rising wedge patterns in a bear market and very good to trade!
Trade active:
Look to take partial profits and adjust stops to reduce risk during a trade
Trade closed: stop reached:
Failed to reach profit target.
Still a great trade if you had good risk management and took partial profits as mentioned above.
Onto the next trade!
Still a great trade if you had good risk management and took partial profits as mentioned above.
Onto the next trade!
