BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
ETH is overall bullish trading inside the orange channel so we will be looking for Trend-Following Buy setups as (if) it approaches our lower orange trendlines . Knowing that ETH can still trade higher from here, to reach 2k.

As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability setups:
I call them War Zones, (highlighted in Purple circles)

Zone 1: (1450-1500)

This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the previous support and lower orange trendline. (trend-following setup)

Zone 2: (around 2k)

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the round number 2k and upper orange trendline. (over-bought / over-extended area)

Unless ETH breaks the 2k upward aggressively, then we will be looking for buy setups on its retest, just like we did on the previous ATH around 1500.0

As per my trading style:
As ETH approaches one of the purple circles, I will be looking for reversal buy/sell setups (like a double bottom /top pattern, trendline break and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Here I am , Aggresively buying the dips with my life savings. Guess ill cool it after 2k. Thanks Rich
+5 Reply
TheSignalyst comprehensiveB5749
@comprehensiveB5749 good luck gentleman
Reply
CryptoGuru369 comprehensiveB5749
@comprehensiveB5749, ETH looking like it could go to 20K this cycle! Buy those dips up!
Reply
thanks for sharing. we are going up.
ETHUSD H4: TP BULLS is 2200/2400 USD BUY DIPS (SL/TP)(UPDATE)
+2 Reply
TheSignalyst ProjectSyndicate
@ProjectSyndicate yess no doubt
Reply
CryptoGuru369 TheSignalyst
@TheSignalyst, Let's go bullz!
Reply
Couldn't agree more. Ethereum is bullish, I like ETC the best. Very low price right now
+2 Reply
TheSignalyst reubenroyal
@reubenroyal, amazing :D
Reply
eth is on fire
+2 Reply
TheSignalyst JadFakhry
@JadFakhry, yes no doubt!
Reply
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