CryptoGuru369

ETH Long to Prior ATH for 160.80% Gain

Long
POLONIEX:ETHUSD   Ethereum
Aloha Cryptoholics!

ETH is printing a symmetrical triangle. If I see a break up, then I will be looking for a long entry!

Target has confluence with prior ATH, two key Fibonacci extensions and the measured move from the triangle formation!

'Unconfirmed' hidden bullish divergence on RSI:

3H stochastics are looking like they have bounced off a key trend line, suggesting continuation:

ETH.D looks like it wants to explode!

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Guide to My Charts

-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!

-Yellow lines are typically used to chart out pattern formations and trend lines!

-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).

-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.

-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.

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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!

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Entry: 1244.85
Entry Zone: 1197 - 1285

T1: 1300
T2: 1350
T3: 1415
T4: 1445

Stop: 1179

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R:R: 3.04
Risk: 5.29%
Reward: 16.08%
Leverage: 10X
Leveraged Risk: 50.29%
Leveraged Reward: 160.80%


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Disclaimer:

This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.

These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.

Comment:
Comment:
Looking for a 4H close above $1200 for bullish bias:

Comment:
Shoutout to Master snoepiee for the super sweet, free, stochastics oscillator he released (KVDB - Reverse Stochastics Cross) to the community! Very thankful bro! Eternally! <3

Try it out, you will like!

Many shootouts to the Master snoepiee!!!
Comment:
Comment:
Deep dive into lower time frame stochastics shows bounces off a strong prior trend line.

Let's go bullz!!!

Comment:
30min stochastics history says we should get a re-test of support soon, then maybe bounce to the moon!

Comment:
The trade is progressing nicely and more bullishly than I had anticipated!

What an incredible time to be a trader! So many opportunities!

What a beautiful chart!


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Twitter: twitter.com/CryptoGuru369
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