Eth decided to drop to a new, lower, parallel channel, creating a new trendline. Nevertheless, I'm still expecting the break up as indicated by the yellow ellipse on my chart. I think it will shoot up to 167.
Trade closed: stop reached:
I misspoke. Not a parallel channel. It is what it appear to be, a larger wedge. Also, if eth isn't ready to shoot up where I circled, it might make its move where the solid and dashed pink lines meet. I think.
Trade active:
Correction: where it says, "Trade closed: stop reached," that's wrong. I'm still in this.
Comment:
Welp, I was wrong. Who knows where we're going now???
Comment:
62 cents lower and I would've been stopped out.
Since I'm still here, let's hope this idea plays out. I have my stop limit at 146 now, in case we don't rebound.
Since I'm still here, let's hope this idea plays out. I have my stop limit at 146 now, in case we don't rebound.
Trade closed: stop reached:
Stopped out at 146