ETHEREUM Trading Idea and Potential Opportunities!!!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Pattern Detected:
i. Bearish Channel (abcde)
ii. Inverse Shoulder head and Shoulder formation in progress.

Momentum Indicator forming higher low with possible hidden Bullish divergence in view.

Approximate target for ISHS is around 208% profit from our Buy zone area.

But close attention must be given to the top of the channel around 330$-345$. If price break through it then the ISHS target will be possible.

If otherwise, then we will likely to have last wave of the channel which is wave (e).

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It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.

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Isn't higher low on oscillator with price decreasing a hidden bear div? Unless it works differently for that particular indicator I don't know. Either way I'm watching this formation as well. GL
jthrasher jthrasher
nevermind, I guess that's just a regular bull div
Trade Canceled ?
+3 Reply
Me to expected ETH correction from $830
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