CarlsonCryptoTrading
Long

Accumulation time on spot for ETHUSD

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Ethereum is sitting at a nice level to accumulate more before staking. I have marked my relevant levels to determine what I will be doing.

As we can see with the right angled triangle I believe we are following a pennant pattern which will give us a price of Ethereum between $265 - $90 until the end of the year from now. Until we break to the upside of this pennant then accumulating ETH will be the safest strategy to do.

PLAN NOW:
  • dollar cost average each week into ETH

If we break down to the $90 Level I will be looking to enter into a small, highly leveraged trade while looking to put in the rest of my allocated $ for ETH at spot and reduce DCA to a smaller value each week

PLAN ETH @ $90
  • enter a long leveraged trade (probably 5x with 1/10 of total ETH for a long term hold on leverage will discuss a safe way of entering into this trade to not get stopped out until break on the upside)
  • purchase larger amount in spot and reduce future DCA to a smaller level

When we break above the top side which will be above the right angled triangle I suspect this will be the tell-tale sign that a bull-run could've started.
I will look at putting a leveraged trade on a long here to potentially catch more gains on the chance of a repeat of previous bull runs.

PLAN ETH BREAKOUT
  • enter a long leveraged trade (probably 5-10x with 1/5 of total ETH for a hold until steam runs out of trade...will need to evaluate this when it happens but would be looking for a new ATH and adding to the position at key levels.
  • stop accumulating let's wait for a bull run and only re-enter above strategies if we drop below the triangle.

Maintain of gain

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