Hello Guys
ETHUSD had a rally in the previous days then had a normal retracement.
Current price action is showing an bounce up from the 100EMA adn 200EMA (Extremely Important levels) which is giving us a nice entry.
I really like the pattern formed with the retracement. If ETHUSD can reach our entry level then is a trade for us.
This new rally that could start can bring us to the a new ATH with no doubt.
Let's try to buy the dip when our price reaches our entry point
Don't forget to take some profits while reaching different targets. Once you reach T1, don't allow the trade to be a loser one and move your stop loss to Breakeven.
PS: As you may know, no matter how good your technical analysis is, anything can happen in the markets so the only way you can do is to control your risk by keeping tight stop losses
ETHUSD had a rally in the previous days then had a normal retracement.
Current price action is showing an bounce up from the 100EMA adn 200EMA (Extremely Important levels) which is giving us a nice entry.
I really like the pattern formed with the retracement. If ETHUSD can reach our entry level then is a trade for us.
This new rally that could start can bring us to the a new ATH with no doubt.
Let's try to buy the dip when our price reaches our entry point
Don't forget to take some profits while reaching different targets. Once you reach T1, don't allow the trade to be a loser one and move your stop loss to Breakeven.
PS: As you may know, no matter how good your technical analysis is, anything can happen in the markets so the only way you can do is to control your risk by keeping tight stop losses
Trade active:
Our entry has not been reached, Keep it still open
Trade active:
Entry not yet reached, active trade
Trade active:
Entry not yet reached, active trade
Trade active:
Entry not yet reached, active trade
Order cancelled:
We are now far from entry point,
Entry point never reached
Better to cancel it :)!
Entry point never reached
Better to cancel it :)!