pato

ETHER BUY POSITION

Long
pato Updated   
COINBASE:ETHUSD   Ethereum
Just like most of the crypto market, buyers seem to be taking a breather after bidding prices up for the whole of the past week. Here is a buy position with a 2.26:1 REWARD:RISK RATIO
Comment:
I discounted the anticipation for a market turnaround in the crypto space which has led to waves of buyers constantly bidding this up and called the consolidation too early. I highly doubt this is going to go on for too long without some sort of profit taking.

Comment:
$710 on the dot. Now lets find a floor

Comment:
Looks like we may make a push for a new high. If $700 ethereum gets filled, i think theres a good shot we jump.

Comment:
Beautiful uptick. WHAT NOW?

Trade closed: target reached:
I forgot to close this one. Now we are well into a consolidation

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.