After consolidation for a while on .618 FB retracement ETH reaches trendline and expected to break the triangle.
Some sort of flag formed which indicates move up.
Also cashflow shows Bitcoin and NEO as competition are starting to cool down, Bitcoin Cash reaching tops yesterday.
From large CAPS ETH has not moved lately.
Reward vs Risk more that 5 if stop loss is put on support line.
Some sort of flag formed which indicates move up.
Also cashflow shows Bitcoin and NEO as competition are starting to cool down, Bitcoin Cash reaching tops yesterday.
From large CAPS ETH has not moved lately.
Reward vs Risk more that 5 if stop loss is put on support line.
Trade active:
First batch bought, second after breaking the support line around 270€.
Trade active:
Looks like moving fast here. ETH volume yesterday was quiet low - seems nobody wanted to sell. Also consolidation of daily movement price which was narrower than days before. Timing perfectly catched. Bought more!
Comment:
Be patient. Everything is red today due to Bitcoin being down around 10% and taking down the market with it. Only few coins were able to float. ETH support at 250 holds for now and might be good spot to come in for the one that were late. Do not forget that Bitcoin is trend setter and looks like this is just retracement for BTC (check other top traders opinion). Settling above previous high from June would give a great push to other coins that are still bellow that ratio, including ETC.
Trade closed: target reached:
Partly closed the position yesterday night. Still holding large stake and leaving itll time highs breakout. Moving profits to other altcoins.