Hi,
In log scale view, ETH seems drawing a large rising channel in mid-term and a falling wedge in short-term.
Moreover, this area is a previous resistance ($165/170) and price just hitted the 0.707 fibo.
Going long on this level with a tight SL at $160.
First TP at $270.
2nd TP at $350
Good trades.
In log scale view, ETH seems drawing a large rising channel in mid-term and a falling wedge in short-term.
Moreover, this area is a previous resistance ($165/170) and price just hitted the 0.707 fibo.
Going long on this level with a tight SL at $160.
First TP at $270.
2nd TP at $350
Good trades.
Trade active
Comment:
SL win at 187$.
Trade closed: stop reached