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kingretep
Nov 20, 2017 7:49 PM

Ethereum to continue on a 2 day bull run to $390 Long

Ethereum / U.S. dollarBitstamp

Description

Ethereum is reaching towards a return to the all time high of $400 which I expect will be reached in the next 2-3 days. This target will be met with a fair deal of resistance so I'll be looking to take profits before buying back in to a dip before the next leg up.

Trade active

Trade closed manually

Trade active

Trade was reopened at approx $410 on observing breakout earlier than anticipated with far less resistance at the level of the previous all time high.
Comments
kingretep
Trade hit the target and actually overdelivered. But I closed out and took profits slightly early around $394. I'm planning to re-enter the trade as I expect a cup handle to form. Want to enter at around 370 to 390 and hold until second target of 500 to 600 is reached.
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