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KurtisDunphy
Apr 28, 2021 9:37 PM

Ethereum (ETH) - Parabolic Trend Line 

Ethereum / TetherUSBinance

Description

The price of Ethereum (ETH) is increasing at an exponential rate - parabolic. A curved trading range has formed that can be used to determine the possible boom & busts of the asset.

SHORT/TAKE PROFIT: When in close proximity to the RED trend line.

LONG: after a confirmation bounce from green trend line.

STOP LOSSES: When a significant break of the parabolic trend line is made.
Comments
suthitman
If change y-axis to log then we can easily see linear trend.
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