POE has been consolidating on what seems to be a bottom and is beginning to form an ascending triangle pattern in the smaller timeframes - all within a larger descending triangle pattern of larger timeframes. The bottom support line at 5000 ethoshi (0.00005000) is never broken
Following indicators point towards a good entry point for me
- the Tenkan Kijun has just been crossed on the 4 hour timeframe
- increasing volume
- ascending triangles on lower timeframes
ENTRY - 7000 ethoshi
T1 - 11200 ethoshi
T2 - 15900 ethoshi
STOP - 5000 ethoshi
Following indicators point towards a good entry point for me
- the Tenkan Kijun has just been crossed on the 4 hour timeframe
- increasing volume
- ascending triangles on lower timeframes
ENTRY - 7000 ethoshi
T1 - 11200 ethoshi
T2 - 15900 ethoshi
STOP - 5000 ethoshi
Trade active:
Entered position
Comment:
So far we're on track. Should have done this earlier, but raising the stop-loss to the nearest 4H candle bullish fractal (not shown unfortunately). It's at 7600 ethoshi
Trade closed: stop reached:
the second stop was reached. Remember - always keep taking profits along the way !