rexlomax

ETH soon to become once again a LONG

Long
rexlomax Updated   
BITFINEX:ETHUSD   Ethereum
Key levels to watch for buying opportunities are green box.

*Be advice
This is a short term buying opportunity to sell at red boxes as overall market in crypto is bearish.
Trade active:
I'm buying with a wide stop loss
Comment:
Daily candle closing above 450$ would confirm more uptrend to 540$ creating a massive divergence as can be seen here
Comment:
If 390$ support fails and it goes lower, it will mean a severe support broken that could take the asset down to 150-190$ in the worst possible scenario.

Risk Management it's essential to survive in trading.
Comment:
Here's why 390$ must give support or panic will come in
Trade active:
390$ didn't give in, hope you all didn't got stopped.
Comment:
ETH is a buy from here all the way till 360$.
Comment:
Updating the chart as new information has been available

Comment:
Pardon me, previous chart is unreadable.

Comment:
Plunge Protection Team
Comment:
It's very clear now
Trade closed: target reached:
1st target reached
Trade closed: target reached:
2nd target
Comment:
Hit the play button!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.