ETH/BTC reversal (TWO WAYS TO TRADE IT)
Ethereum shows signs of a trend reversal
PRICE ACTION
(1) There are about 5 big red candles
in a row, each one of them getting smaller.
This implies sellers are running out of steam and
buyers are stepping in and won't allow price to go down
significantly lower. Sellers were absorbed by buyers.
CANDLESTICK PATTERNS
(2) This is also indicated by the series of Doji reversal
candles showed at the bottom of the buy zone (green)
TWO WAYS TO TRADE THIS PATTERN
(3) There are two ways to trade this
chart pattern.
RISK MANAGEMENT
(4) Don't forget your stop loss
to manage your risk at 0.039719
If you agree (or disagree) with
this trade idea, comment, like it,
and share it
Thanks for following, and happy trading
PRICE ACTION
(1) There are about 5 big red candles
in a row, each one of them getting smaller.
This implies sellers are running out of steam and
buyers are stepping in and won't allow price to go down
significantly lower. Sellers were absorbed by buyers.
CANDLESTICK PATTERNS
(2) This is also indicated by the series of Doji reversal
candles showed at the bottom of the buy zone (green)
TWO WAYS TO TRADE THIS PATTERN
(3) There are two ways to trade this
chart pattern.
- (a) You can buy now at the buy zone
indicated on the chart (green) . Follow
price action at 2-hr time frame for a better
entry, and wait for a pullback
(b) wait for bullish confirmation when it
crosses the trend line (white)
RISK MANAGEMENT
(4) Don't forget your stop loss
to manage your risk at 0.039719
If you agree (or disagree) with
this trade idea, comment, like it,
and share it
Thanks for following, and happy trading
Comment:
Pullback before break out
Comment:
ETH perfect entry happening now
Trade closed: stop reached