Tendorian
Long

19th June 2018 - Ethereum long trade

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
It looks like Ethereum has turned up finally.
A 12H close below 530 will invalidate this trade.
The initial target is 590, a potential 10% gain.
We will reassess the trade when 590 is reached.
Comment:

I am changing my method slightly, instead of waiting for a close I will just put a stop loss at recent swing low for this long trade and move my stops up accordingly. That is the method I am comfortable with.

SL at 486.95
Comment:
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