Hey guys,
Even though i have been away for a while,i have been keeping an eye on the things going on.
Studying Ethereum,i've notice that the graphic can be structurated in multiple parallel channels,that are well-respected.
As i've highlighted in the graphic above,we've broken out of another one of this channels.Last time we've seen this accompanied by a golden cross,which is one of the safest indicators of a following uptrend.
Even though this is probably not the ''final'' breakout that leads to an amazing rally,chances are that we are going up.
How to trade: In this case i would designate a certain part of my portfolio to buying ETH. 50 % of this designated part should be used to buying ETH right now,whereas the rest of it should only be used after the golden cross pattern has been formed.
As always,don't forget to set a stop-loss,just for the purpose of securing your funds no matter what happens.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
Even though i have been away for a while,i have been keeping an eye on the things going on.
Studying Ethereum,i've notice that the graphic can be structurated in multiple parallel channels,that are well-respected.
As i've highlighted in the graphic above,we've broken out of another one of this channels.Last time we've seen this accompanied by a golden cross,which is one of the safest indicators of a following uptrend.
Even though this is probably not the ''final'' breakout that leads to an amazing rally,chances are that we are going up.
How to trade: In this case i would designate a certain part of my portfolio to buying ETH. 50 % of this designated part should be used to buying ETH right now,whereas the rest of it should only be used after the golden cross pattern has been formed.
As always,don't forget to set a stop-loss,just for the purpose of securing your funds no matter what happens.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
Trade active:
Looks like we broke below the 20 MA,that we were resting on since several days.
Main reason for this is probably the 12$ ETH hack from the ''Bancor'' exchange.
In case you are still in on this trade,keep holding.
Main reason for this is probably the 12$ ETH hack from the ''Bancor'' exchange.
In case you are still in on this trade,keep holding.
Trade closed: stop reached:
We are seeing amazingly bearish movements...
We may even get back down into the parallel channel...
My apologies if you lost any money following this analysis.
I hope your stop-loss was hit before it dipped.
We may even get back down into the parallel channel...
My apologies if you lost any money following this analysis.
I hope your stop-loss was hit before it dipped.