A stunning trade setup on Etherium if you get in quick. Price has very clearly found support at 178 and has created a pinbar/morning star signal. This is a very bullish chart price action.
Target : 249 (20%)
Opened position at 212.87
Price has taken another nosedive for Etherium. It looks as though my original upper trendline resistance was a bit too ambitious and was too close to our entry.
We now have a bearish engulfing signal appearing at that upper trendline and currently resting upon the 61% fib retracement. Seems likely that price will head lower from here. This is the risk with making counter-trend trades.