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PureStructureNoBS
Mar 4, 2019 8:14 PM

Big Long Opportunity ETH 8:1 Risk-Reward Long

Ether / United States DollarCoinbase

Description

Hi everyone,

PureStructureNoBS here to provide real TA with entries and targets.

Ethereum recently broke bearish from a triangle consolidation. It is now looking for support in the green box area for a 3rd touch off the trend line. $110-115 is a strong support area and Fib retracement .786 is at $114.5. I think we will get a big bounce off the green box to the top of the wedge at the $160-170 range. This is a great 8:1 risk reward opportunity.

Remember, number one rule is managing your risk carefully

Feel free to share your thoughts in the comment section

Cheers

Pervious Analysis:
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ArShevelev
Here is my Ethereum idea:
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