NickSdot

ETH $290-300 today. 360 in a few days? No reason to sell now!

POLONIEX:ETHUSDT   Ethereum / Tether USD
Okay seems to be time to publish my first analysis here.
I started this chart analysis at July, 29th. So far all works like expected.

A few minutes ago we broke out the important resistance at 280/285 what is qual to the FIB 50% of the all time high.

Sell orders are low. Volume is high. Bitcoins all time high is backing our trend.
So, there is no reason to get out now.
All signs seems to clearly show that we easily will come back to older highs 320/360 fast.

I think after we will touch 300/320 there will be a small correction to 270-260 again what is maybe a good point to get in.
If you like higher risk you can get in at 280 – but that at your own.

At the moment I am already be long.
In case it touches $270-260 again I will double.
Stop loss will be at $230 for me.

While I wrote this we touched $289 already.

I wish you good trades.
Feedback & comments welcome
Aug 08
Comment: As expected it touched $300 and was up to $314 already.
Aug 09
Comment: As expected reversal started after we touched 320.
Next target should be 270-260. Other people expect it at $280.

I sold at $310 and wait for a while to get in again.
Aug 09
Comment: My target at $270-260 was not exactly hit.
But we hit $276 a few hours ago what still is okay.

I managed to get long at $283 again with my initial investment (sold at $310) + some fresh extra fiat.

For the moment it looks like that we are failing to take out the resistance at $305-295.

If we break it we should see $320, $360, $390 and the moon as next targets.
Maybe with smaller corrections to the 280´s zone.

By the way:
The arrows on my chart are just for visualization and do not represent the correct timespan.

Happy trading! Always be careful.
Aug 10
Comment: If the buyers stay strong ETH could now be ready to take off.
Aug 10
Comment: CMF reversal in 1 hour chart.
Aug 10
Comment: Ok, we almost made it. If we leave $ 308 behind us, $ 320 and then $ 360 is very likely!

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