Block-Head

Etherium - Perfect trade

Long
Block-Head Updated   
BITFINEX:ETHUSD   Ethereum
Good morning all!

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%)

Good luck!

Trade active:
Opened position at 212.87
Order cancelled:
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.



Trade cancelled.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.