TheChartGuys

ETH Lead bull on this Breakout

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Congrats bulls! ETH has been the strongest for a week now and is following through with a huge move.
Target was $500 just visually on the daily chart and the bulls have far exceeded this already.
Hourly higher lows are crystal clear on this move with a good old fashioned uptrend being respected by the bulls and bears.
We will be looking for a loss of the hourly higher low pattern to indicate some more longer term consolidation coming.
Dont lose sight the weekly chart is nowhere near changing the trend for the bulls at this point.
After starting with your Crypo trading course and reading "Trading in the Zone" this was my first truly successful trade. Still got a lot to learn but feeling really good right now. :-)
+1 Reply
MichaelHarrington AndreasTrattnig
@AndreasTrattnig, good job man! I also really got a lot out of "Trading in the Zone" - mastery over ones thoughts and emotions is the majority of the game.
+1 Reply
AndreasTrattnig MichaelHarrington
@MichaelHarrington, thanks! Yes in deed. It’s really tempting to act based on emotions and do something stupid :) I’m also super thankful that guys like Dan share their knowledge each and every day. Huge respect and big thank you!
Reply
is that analysis for ETH against BTC or USDT? or does that even matter?
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Najjar-Nidhal AsmaHassan
@AsmaHassan, against usd Assoum ;)
Reply
AsmaHassan Najjar-Nidhal
@Najjar-Nidhal, ahahhaha Allah yes3dk :)
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....us Bears are likely our wounds...we'll be back soon :-)
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