If you have followed me on my last signal, please take notice of this signal as well.
One may consider ETHUSD to have risen a lot. I do not deny that. However, if one considers the daily chart and plots FIB, then one see potential that is beyond my own imagination.
One should be careful with the stop loss and liquidation.
Everything in the chart is saying bullish. I do not see anything too overbought.
Very conservative stop loss is the Tenkan-Sen at 269.5. However, this can easily be eaten up by any liquidation hunter.
50% fib looks like a better stop loss at 258.05
The SAR value can also be considered as running stop loss at 229.8
Kijun-sen is at 228.95 would be my safu stop loss.
217.55 is the SenkouB and that would be my s/r flip. Below this price, I would not hold ETHUSD.
So, if I am going long at the current price, then stop loss would be at 217.55.
Initial target would be at 430USD (just below the 100% fib or previous ATH).
This would be for long term. I donot expect the price to reach there by tomorrow. And do realize there is interest and fees involved.
The things I find on the chart:
* Parabolic SAR is bullish on Daily
* Tenkan-Sen is above Kijun-Sen
* Senkou A is higher than Senkou B
* I do not know how the weekend will end. But as the price is rising, the volume is rising too. This indicates bullish divergence.
* AMAWAVE is giving a buy signal.
* Bears/Bull tug of war is towards Bulls
* SQZMOM is bullish
* RMO is bullish
One may consider ETHUSD to have risen a lot. I do not deny that. However, if one considers the daily chart and plots FIB, then one see potential that is beyond my own imagination.
One should be careful with the stop loss and liquidation.
Everything in the chart is saying bullish. I do not see anything too overbought.
Very conservative stop loss is the Tenkan-Sen at 269.5. However, this can easily be eaten up by any liquidation hunter.
50% fib looks like a better stop loss at 258.05
The SAR value can also be considered as running stop loss at 229.8
Kijun-sen is at 228.95 would be my safu stop loss.
217.55 is the SenkouB and that would be my s/r flip. Below this price, I would not hold ETHUSD.
So, if I am going long at the current price, then stop loss would be at 217.55.
Initial target would be at 430USD (just below the 100% fib or previous ATH).
This would be for long term. I donot expect the price to reach there by tomorrow. And do realize there is interest and fees involved.
The things I find on the chart:
* Parabolic SAR is bullish on Daily
* Tenkan-Sen is above Kijun-Sen
* Senkou A is higher than Senkou B
* I do not know how the weekend will end. But as the price is rising, the volume is rising too. This indicates bullish divergence.
* AMAWAVE is giving a buy signal.
* Bears/Bull tug of war is towards Bulls
* SQZMOM is bullish
* RMO is bullish
Trade closed manually:
I need time off. Hence, I am closing this