The price reached the resistance zone, which had acted as the bottom of the horizontal price channel. If the market can move back in the borders of the price channel, it will give us a buy opportunity.
Entry Price should be above the local swing high. Stop orders must be placed below the local swing low. Profit targets should be at the upper level of the price...
I wanted to share this entry point with you guys especially for those who are looking for short term trade pick!
Most of cryptocurrency are making a good move these days. I just picked one of them based on its velocity, which is... Ethereum!
Profit-loss ratio: 1.37
Minimum probability to make profit : 42.20%
The price is in the downward Channel and it probably will continue to fall.
If you want to trade this instrument don't forget to use predictable risk.
Before to trade my ideas make your own analyze.
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The price now is inside a channel and heading to break up from the channel. Higher highs tell us about this.
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Please do your own research before to trade this idea!
We would like to show you a game...
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs.
Targets are marked on the chart as a crosshair.
Heart in the box - a place to jump in/out
Sign with exclamation mark - places to be aware of a few...
ETH/USD BUY LIMIT
ENTRY 1 137.76
ENTRY 2 132.90
ENTRY 3 122.78
Price activity is nearest the 50-bar MA (4-hourly) at 170.49 and the 50-bar MA (Hourly) at 151.96.
Technical Support is expected around 137.80/ 132.90/ 122.75 with Stops expected below.
Technical Resistance is expected around 152.36/ 161.37/ 168.65...
Bulkoskis description doesn't fit but I'm in so we will see. tight stop loss 142$ (143.25 order) TP 155, 162, 169, 180.
Everyone is talking about this, but the "double bottom" prices are off, volume works, but as always market does that last thing its expected to. Lets see where this goes.
PS I hope the Bawwtz are ready this and take my #SHORT tag and read my...
Ethereum possible breakout to $165 to $170. The 200ma will probably be in that range too in a few days. Hopefully it does reach that price so everybody can earn some moneyyyyyyy ;) *TRADE AT YOUR OWN RISK*
A medium term perspective- waiting for the B wave to finish (it has not even hit the 0.618-0.65 area) before moving up to possibly $185ish to complete the C wave up. Once that is complete I predict one last move down in the form of a C wave to finish a larger Z wave.