HEAD AND SHOULDER FORMATION
Stoploss below neckline
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
ooking at the chart on the four-hour time frame, we see that when we set the Fibonacci retracement level, Ethereum tests 50.0% to $ 1665, and the moving averages MA200 and EMA200, which determine the longer-term trend. To continue the bullish trend, we need a break above the other moving averages MA20, EMA20, and MA50. We already had a jump above the Fibonacci...
ETHUSD has bounced of this support with multiple rejections and has now formed a series of higher highs into an area of resistance, forming this nice ascending triangle i can also see a inverted head and shoulders on the 4hr timeframe... if we break above resistance price is going to see 2000 +
1. Short ETHUSD from 1206 to 985-908. Take profit at any point you feel is enough there.
2. Wait for a pullback to 1145-1180 price range and get ready for another short targeting 833.
- Once price reaches the 980 price region in the green box , wait for a breakdown.
-If the price rejects the box and closes an hourly above the green box then put stop loss...
Good weekend traders,
This is an update to my previous idea given below.
Things are going according to plan.
- If you entered around 236-237 you would be up by 23.2% (ROE) by now
- We missed T1 by 5 cents! (247 vs 246.95)
- But the trade is still active and expecting a small retrace before the uptrend continues
- Good news is that we have cleared the Kumo...
Although the crypto market has gone bearish, it is what I expected especially when they say the golden cross or the halving is in the picture.
It mean jack to me and in the past, it has proven to be the case where they did drop in price for the short term and that's what we are interested as traders.
The moving averages are in my opinion useful only on...
we went long in ETH @ 160 $
You can see how accurate was our entry level and it was with low risk and high probablity.
.For now because of some static resistance we expect some days of sideways but after that we probably have another long entry.you may follow us for that entry in ETH.We also...