AndreasS
Long

Ethereum about to break out, 6.7% LONG available

KRAKEN:ETHXBT   ETHXBT
ETHXBT             is about to cross the MACD and I think touch the RSI again. Ethereum             is definitely going to touch the triangle at 2575 and will reach up to 2750, making a 6.7% LONG available. A possible break out may follow but I am unsure in what direction, that's why I opt pulling out in the 2750 area.
This is HPSF (High Probability Squeeze Funnel) where you get 3 Highs and 3 Lows and the market tightens in a channel after a major uptrend/downtrend. you already have a H1,H2 and L1,L2. It is likely that you will get an H3 and then an L3 at which point you buy and you can expect a huge run upward. These types of setups give you Risk/Rewards of at least 7/1 and sometimes even 11/1! This is not criticism, you did very good analysis I am simply pointing out a pattern very few people know and you can make a huge return trading it.
Reply
AndreasS samurai110
Well thank you kindly! I didn't know about that! :)
Reply
AndreasS AndreasS
Would you recommend entering now or waiting for the L3? (Sorry I am very new to all of this, I try to take in as much as I can)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out