ETH/USD - Long Ascending Triangle to $355 - 98% Profit
So, are we going to see some epic upside from here or are we nearing the top? Would love to hear your thoughts! Either way, I'm creating setups to maximize my profits along the way! Please take a second to leave a like. It just takes a second and helps keep me motivated to share with the community! You can also follow this channel for regular day trade setup! I'm working on developing a website and will be offering all types crypto related services in the near future!
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ETH has broken out from the consolidation it has been in for the past 7 weeks or so and it just made a new higher high on the weekly, which it has not done for almost 400 days.
I suspect we'll see some continuation this week with such a strong weekly close.
ETH is looking to close a 4H candle above the resistance line of the ascending triangle. Looking for a re-test of broken resistance for an entry.
4H RSI just crossed the exponential as did the 4H stochs. We also have hidden bullish divergence on the 4H. Let's go bullz!!!
Target is 355, which is the next strong resistance zone from the April 2018 low.
Best of luck all you current, and future, millionaires! Let's g3t this crypt0!
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Entry: 312.20
Entry Zone: 310-315
T1: 315
T2: 320
T3: 330
T4: 335
T5: 345
T6: 355
Stop: 299.78
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R:R: 3.1
Risk: 4.08%
Reward: 13.59%
Leverage: 7X
Leveraged Risk: 28.56%
Leveraged Reward: 95.19%
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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 trade ideas and are intended for educational purposes only.
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ETH has broken out from the consolidation it has been in for the past 7 weeks or so and it just made a new higher high on the weekly, which it has not done for almost 400 days.
I suspect we'll see some continuation this week with such a strong weekly close.
ETH is looking to close a 4H candle above the resistance line of the ascending triangle. Looking for a re-test of broken resistance for an entry.
4H RSI just crossed the exponential as did the 4H stochs. We also have hidden bullish divergence on the 4H. Let's go bullz!!!
Target is 355, which is the next strong resistance zone from the April 2018 low.
Best of luck all you current, and future, millionaires! Let's g3t this crypt0!
---
Entry: 312.20
Entry Zone: 310-315
T1: 315
T2: 320
T3: 330
T4: 335
T5: 345
T6: 355
Stop: 299.78
--
R:R: 3.1
Risk: 4.08%
Reward: 13.59%
Leverage: 7X
Leveraged Risk: 28.56%
Leveraged Reward: 95.19%
---
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 trade ideas and are intended for educational purposes only.
Comment:
On the bearish side of things, we have very strong resistance from the 0.382 Fibonacci at 331. Just look how well these Fibonacci levels have been respected in the past. We could see some downside in the very near future if we cannot break through this key Fib level.
Comment:
On the bullish side, we can see 6 touches of 355 in the past. This is a key support/resistance zone:
Comment:
Here is a better shot of the Fibonacci macro levels:
Comment:
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