Been watching ETHUSD just before the drop to $100. That drop marked the Spring in Phase C of the Wychoff distribution for me. The pump back to $108 - $110 confirmed the pattern by forming the LPS in Phase D of the Wychoff distribution. I will look for longs after a small retrace preferably to around lower $105. Would like to see:
- Small retrace to the 50 MA around our entry (Orange)
- Retest $110 and find support on the 128 MA (Red)
- Target $115 for the 200 MA (Purple)
Entry: $105 - $106
Target 1: $110
Target 2: $150
Stoploss: $102.9
Watch the fibonacci levels! (Green)
Prices are taken from Bitstamp, adjust accordingly on your exchange.
- Small retrace to the 50 MA around our entry (Orange)
- Retest $110 and find support on the 128 MA (Red)
- Target $115 for the 200 MA (Purple)
Entry: $105 - $106
Target 1: $110
Target 2: $150
Stoploss: $102.9
Watch the fibonacci levels! (Green)
Prices are taken from Bitstamp, adjust accordingly on your exchange.
Trade closed: target reached:
Well yeah, wtf lmao
