IvanLabrie
Long

Ethereum: bearish time at mode signal target not reached in time

KRAKEN:ETHXBT   ETHXBT
We have a clear long setup in Ethereum             .
A low volume selloff after the uptrend expired and we reached some hysterical highs.
Current setups implies that if this bar doesn't reach the bearish target signaled by the box before it closes, it's possible to see price reverse from here.
I labeled the range expansion bars on the daily (which looks like a perfect uptrend to me so far), and the stop loss level for the last one, as well as take profit (65% chance long trade).
I also labeled the 4h range expansion bars, the light green and red ones, bullish ones are all working, which is a good sign.
I'm buying and building a large position, aiming for 0.012 or higher, but need to see more proof by price building a mode higher, with 16 bars or more at one price.

Good luck!

Ivan.
Working beautifully.
Reply
moorekapital IvanLabrie
Great job so far. Now , We simply need ETH above the mode 0.00667 !
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Very nice reaction to the time at mode downtrend failure.
Bigger than the previous one but still not convincing enough.
We can continue to play this range, if it retraces above 0.00454, we can go long and close at 0.0052 to make some money.
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minhthanhqnv IvanLabrie
I bought at 0.00460 and sell 0.00560

according to the price you have to continue to go up, or down?
+1 Reply
IvanLabrie PRO minhthanhqnv
See updated idea.
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Nice range expansion in the last 4h bar. We might get a rally from this level soon.

snapshot
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minhthanhqnv IvanLabrie
prices start to go down?
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IvanLabrie PRO minhthanhqnv
Why? Read my chart, it's visually intuitive. We have a sharp 42° advance, with volume increasing as it rallies, then a smaller degree decline that consumes more time than price range, and has smaller and declining volume.
That's #1, then we have other more subtle traits in the price action that suggests there is more upside pending and that we won't see lower lows than 0.0041 again.
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minhthanhqnv IvanLabrie
I see in POLONIEX that began arriving, they sold off
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