In this technical analysis I share my current views on ETH/USD. I tried to make the chart as self-explanatory as possible, but feel free to reach out or drop a comment if you have any questions.
Comment
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Absolutely perfect progress so far!
Let's see if we can keep it up. Would still suggest to take profit slightly below $1200
Trade closed: target reached
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What an amaaazing trade! The price moved exactly how we thought it would, all simply based on technical analysis.
In my next idea I will walk you through the difficulties of deciding the next move on Ethereum and how to handle it:
I will be posting more of these regularly, so follow me to find out about great trading opportunities
Trading-Guru
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I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
MongoGamingX
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@Trading-Guru, thank you very much for spending your time to create and share these
Trading-Guru
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@MongoGamingX, My pleasure, really! I will be anyway making these for my own trades... little effort to publish them!
Trading-Guru
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I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.
sointu326
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@Trading-Guru, Good Call ! I drew a similar triangle on my own chart and saw the same opportunity. Expecting to take first profit in a few minutes, and then follow up to the next point.
Trading-Guru
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@sointu326, Does it mean you're trading the triangle from the inside? E.g. buying from the support and selling near resistance? Or do you trade it on the outside waiting for a breakout?
sointu326
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@Trading-Guru, On the inside. I drew a fib on top of the triangle and use that as a guide.
Trading-Guru
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@sointu326, Oh I love that. I honestly never do that but I don't even know why. Somehow I always wait for breakouts but am probably missing out on a lot of opportunities doing that. Thanks for sharing this! Will try to play a bit with this concept
sointu326
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@Trading-Guru, It just worked perfectly. I am Euro, bought at 835 and sold at 899, fib was 899,60. Next TP is 915.