Etherium testing daily trend line
Etherium is looking nasty.
Price has poked through and is now testing the DAILY trend line. Given the weak nature of the rally from the last re-test of this trend line, I'm expecting another break and close below.
Targets are the 1.272% and 1.618% FIB extension should a break occur. If this really is the trigger point of the daily breakout pattern, the projected target is $23. Yep, you did read that correctly!
Use limit order for entry method to catch the break below.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Price has poked through and is now testing the DAILY trend line. Given the weak nature of the rally from the last re-test of this trend line, I'm expecting another break and close below.
Targets are the 1.272% and 1.618% FIB extension should a break occur. If this really is the trigger point of the daily breakout pattern, the projected target is $23. Yep, you did read that correctly!
Use limit order for entry method to catch the break below.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active:
Trade triggered. Is this the beginning of a much larger correction? I am likely to leave partial position on after Target 2 is reached.
Trade active:
Profit target 1 hit!
Holding the rest with stops near BE
Holding the rest with stops near BE
Trade active:
Rising wedge pattern on 1 hour chart. Looking good.
