POTENTIAL TRADE SET UP FOR ETHUSD
PLAN
- Open a short position at 1314-1328 and set a stop loss at 1407.
- Set Take profit price at:
1. 1256.60
2. 1127
3. 1052
- High risk but higher reward, 1:4
INFO
- "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956.
- HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE BACK INTO THE BIG BULLISH RECTANGLE CHANNEL.
- GRAYSCALE HAS OPENED THEIR ETHEREUM INVESTMENT BACK, cryptopotato.com/gra...the-ethereum-trust/.
- They might be waiting for the price to dump so they can buy the dip.
SIGNING OFF,
THECRYPTONIZER
- Open a short position at 1314-1328 and set a stop loss at 1407.
- Set Take profit price at:
1. 1256.60
2. 1127
3. 1052
- High risk but higher reward, 1:4
INFO
- "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956.
- HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE BACK INTO THE BIG BULLISH RECTANGLE CHANNEL.
- GRAYSCALE HAS OPENED THEIR ETHEREUM INVESTMENT BACK, cryptopotato.com/gra...the-ethereum-trust/.
- They might be waiting for the price to dump so they can buy the dip.
SIGNING OFF,
THECRYPTONIZER
Trade active:
WE ARE STILL GOOD TO GO .
Trade closed manually:
Hit our stop loss. Price Did not breakdown. Chances to breakout.