Thecryptonizer

POTENTIAL TRADE SET UP FOR ETHUSD (LATE UPDATE)

COINBASE:ETHUSD   Ethereum / U.S. Dollar
PLAN

1. Short ETHUSD from 1206 to 985-908. Take profit at any point you feel is enough there.

2. Wait for a pullback to 1145-1180 price range and get ready for another short targeting 833.
- Once price reaches the 980 price region in the green box , wait for a breakdown.
-If the price rejects the box and closes an hourly above the green box then put stop loss at entry. (Wait for a trade update)
-If it Breaks and continues moving down TP at 850-833 region.

3. Place long orders at the 789-742 region(One scalp order and a positional order )
-Scalping positions should take TP at 988-1000 region.
-Put the positional order's stop loss at entry and wait for the breakout above 1000 targeting the next green box

INFO

- 30-50 % correction during a bull run is normal and healthy for the market.

- Ethereum below $900 is cheap.

- Ethereum on road to $2000



Signing off,
THECRYPTONIZER
Trade active: STEP 1 OF THE PLAN HAS BEEN ACHIEVED. CONGRATS TO THOSE WHO MADE 2400% OF PROFIT.

STEP 2 IN PLAY NOW AND EVERYONE SHOULD HAVE ENTERED AT 1145-1180. LETS SEE IF WE CAN DIVE DOWN A BIT MORE.
Comment: -ETH might test the 'GOLDEN POCKET"(FIb retracement).
Trade active: THOSE WHO MISSED THE SECOND STEP CAN GET INTO A SHORT IF THE HOURLY CANDLE COULD NOT CLOSE ABOVE THE 0.786 FIB RETRACEMENT AND THE RESISTANCE ZONE AT 1135.

WAIT FOR ANOTHER ONE HOUR OR SO TO GET A CONFIRMATION. LET'S SEE IF WE CAN MAKE ANOTHER 2200% PROFIT AT 833-850.
Trade active: Our step 2 is still in play as we got our first rejection. We are about to test 900 again if the hourly does not close above 1150 price region.