DollarsAndSense

Never Fear, Dollars and Senses are Here with a ETHUSD set up

Long
COINBASE:ETHUSD   Ethereum / U.S. Dollar
ETHUSD H COINBASE

Welcome followers. Can your resident ETHUSD experts pick yet another winner. We certainly have another hot looking entry setting up for you. We will be focusing on the H chart but will also post the H and daily as part of this set up.

MY entry is above the previous bar at 875.
Stop loss is below previous lows at 855
Targets are just before the blue lines @ 895, 910 and 947

On the H Chart you can still see the red arrows from our last winner, if you are still in that trade chasing higher Targets you can add this position or just stay in your existing position. The blue arrows show this trade with the extension and then pullback to our level, with the dotted line being the projected next extension.

Currently on the H we can see nice cyclicity with Higher Highs and Higher lows and has pulled back to its 200 Ema (The Green line and 50 ema The red line) as well as the strong black angled line on my chart. That line is a Trend line from the Daily chart , and we have a small breal and retest going on. Note we haven’t closed below since we broke.

On the 4 Hour Chart you can see price has pulled back nicely testing the 50 EMA Red line

On the daily chart you can see the long term trend line we are attacking on the shorter Time Frames

To make dollars you decisions need to make Senses, Time frame support helps lower time frame trades.


Comment: Dont delay this entry is setting up NOW
Trade active: Steady progress towards out Target
Comment: Good news on ETHUSD
While we have had a pullback in price we have seen tow techinal developments on the chart.
1/ The 50 EMA has crossed the 200 EMA for Bullish order.
2/ Price is bouncing off the 50 EMA

WE will continue to watch and look for buying.

Comments

Stopped out :(
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Great job D&S. Looks good. Active trading? The moment of decision in BTC I think influences that other altcoin act and confirm their tendency due to strong correlation. ETH will be able to free itself and unfold its potential? Tks
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Im surprised how can you check all these coins in the same time... Thanks for sharing your work with us!
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@monguilhot, Sharing is caring, its our pleasure. I have done this for a long time, i know which charts i want to watch well before anything sets up on them. Its pretty easy for me to track them.
+4 Reply
monguilhot DollarsAndSense
@DollarsAndSenses, Congrats!!!
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