Ethereum - Ready For Another Run. Buy Opportunity.

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The market is giving us another trading opportunity. If the price breaks downtrend line + strong resistance at 1251 level this indicates that the price wants to move further upwards. Also the price might reverse downwards but then it is important to watch these strong supports (Boxes). Buy orders should be above of strong resistance level at 1251 level. If the price rejects Downtrend Line + Strong Resistance Line then buy orders should be cancelled and wait for another trading opportunity. Part of your Profit should be taken near to previous ATH             . Stop orders should be set 1080 level.

Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.

Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.

Trade active: The price breached through downtrend line + Strong resistance line. One pattern is giving boost for this price movement and I'll reveal it in my next post!
Comment: This is just beautiful
Partial profit target hit!
This is one volatile,fast moving target. Attracting short term buyers and sellers . Release the hounds!!
Very risky deal.
ETH has become one of the best shorting targets fo the last couple days.
It is possible for it to hit 800 if BTC corrects a little more.

With theese stop losses there is about 1:1 risk ratio.
I'd treat it like a small bullish signal and start looking for the entry point below.
+1 Reply
webmi Malkaviano
@Malkaviano, Agree! To fast up, not enaugh correction untill now! FOMO i guess
Too soon for healthy run up.
+5 Reply
Keep us updated. be interesting to see what you are seeing to compare ideas,
Trade Active? we have bounced off the resistance which is now acting like support.
trade active!
+1 Reply
:D yeh boi
+1 Reply
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