itsjustanalysis

Ethereum enters the arc - then boom

Long
COINBASE:ETHUSD   Ethereum
Ethereum is a constant and consistent laggard for a great many reasons, none of which matter. On the technical and cyclic side, once it enters the arc it is stuck in time and nothing likes to remain in stasis, the probable direction is a violent move higher.
Trade closed: stop reached:
Total inverse happened, but the behavior of the arc played out: violent move away from that arc.
stopped at 270, looking for re-entry at 255
Trade active:
Holding from 255

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.