ETHUSD LONG Sitting on Demand Zone Fib Targets

On this 15 minute chart from the candlesticks, supply and demand zones are tool drawn.

The resistance trendline and flat bottom form a triangle pattern. The Fibonnaci retracement

tool is used to find likely targets which are also pivots to the left. The dual TF RSI indicator

by Chris Moody shows both the faster 5 min and the slower 60 min rising over the 50 level with

the faster higher than the slower. The times straddle the chart time. Based on all of this

I will trade a swing trade long on forex with leverage set at 20. Partials taken 25% at each

target to minimize risk. Stop loss initially 40 ( the height of the green demand zone) then

raised by 22 every time price moves by 20. Expecting 60% profit overall in consideration

of a tiered closure and the leverage for a trade of 10-20 days depending on the trend angle

moving forward.

Trade closed: stop reached:

ETHUSD falls through the support zone which is now resistance. Stop loss closed the
position. Now on watch to return into the new resistance zone for a short entry.

Trade active:

Since 2/24 Ether has been moving up in tandem with Bitcon. rest and consolidation allowed. Staying on the path guardrails in place. Buy the dips then sell the rips.

Trade active:

GAussian regressive line algo suggests the trend up will continue for another two weeks. I am all for it.