IvanLabrie
Long

ETHXBT: Time at mode and fundamentals

KRAKEN:ETHXBT   ETHXBT
2 months ago
This chart shows a potential buy setup if we break above the 0.022 handle with sufficient volume and momentum .
Right now, price is coiling below the resistance generated by the price action surrounding the DAO hack, so it will be a meaningful breakout once we go above this zone.

I'm long from a lower entry, and looking to add once we break out. Additionally, there's a weekly time at mode signal that might trigger, and the targets would be really lofty, so, try not to miss out on the move up.

Good luck,

Ivan Labrie.
2 months ago
Order cancelled
2 months ago
Comment:
snapshot

the 'hack solved' key level failed to hold prices
buyers couldn't break the 'DAO hack' resistance
no LOW above
2 months ago
Trade active:
snapshot


I like the entry here, we found support at the hard fork key level.
2 months ago
Comment: Probably building for more downside to the next key level.
2 months ago
Comment:
snapshot
2 months ago
Trade active: Level holding here, we can long more, stops at 0.018
a month ago
Trade closed manually
a month ago
Comment: We did break down and hit the next key level as I feared. We need to see if we make a high on close, under the Bitfinex hack level, if not it could start to base and bottom. If it does, this is just a massive downtrend, an we can't buy any Ethereum until there's a fundamental catalyst to turn the tide.
a month ago
Comment:
snapshot
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
rivet.popper
2 months ago
What's the upper range here? I can't see from the chart. Thanks.
Reply
IvanLabrie TOP rivet.popper
2 months ago
What do you mean?
Reply
rivet.popper
2 months ago
What do you mean "no LOW above"? Does that mean ETH is toast?
Reply
IvanLabrie TOP rivet.popper
2 months ago
For now, yes. It means also that the buyers couldn't form a daily LOW, above the DAO hack resistance, this tells me, this past event is still a concern or an underlying problem that prevents ETH to improve the investors sentiment and drive price higher.
Reply
selfhigh05 PRO
2 months ago
nice chart.
+1 Reply
IvanLabrie TOP selfhigh05
2 months ago
Rather useful, it just needs more liquidity, more often, to be tradeable.
Reply
IvanLabrie TOP IvanLabrie
2 months ago
...and thanks :D
Reply
timwest PRO
2 months ago
Excellent chart Ivan. The news flags are essential to understanding this chart and how to trade it. Very well done. Thank you.
+1 Reply
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