Jellep99
Long

$ETHUSD moving inside upwards channel

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.


COINBASE:ETHUSD has been moving inside this channel for a while now, similar to the channel I saw on the COINBASE:XTZUSD chart.

Right now, ETHUSD is chilling in the middle of said channel, therefore risk-reward​ is 1:1 on the short term. I'm aiming for new entries in the lower end of the channel (between $190 & $200), for a long-term position.

Admittedly, I missed the entry I now suggest yesterday. Luckily I'm still holding positions below $150 & $170.

Once again, please do your due diligence before trading.

Best of luck, may your trades be profitable.

- Jelle
Comment: Support @ 204.
First Resistance @ 247.

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