ETHUSD POSSIBLE BREAKOUT
Updated
Hi.
So ETH is currently in a large ascending triangle, and it looks like it is gearing up to explode.
We had two stop runs, clearing out any longs that entered at 1280+. Basically picking up liquidity for a move up.
I'm expecting a retracement to 1333 and eyeing that as a long entry, with stops just under 1300$.
The targets i'll be cutting parts of my position are at 1414, 1448, 1492 respectively.
Also, it seems there is a slow decoupling happening from BTC, which would be great for ETH as the second market leader.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/ (5% fee discount)
*not investment advice*
So ETH is currently in a large ascending triangle, and it looks like it is gearing up to explode.
We had two stop runs, clearing out any longs that entered at 1280+. Basically picking up liquidity for a move up.
I'm expecting a retracement to 1333 and eyeing that as a long entry, with stops just under 1300$.
The targets i'll be cutting parts of my position are at 1414, 1448, 1492 respectively.
Also, it seems there is a slow decoupling happening from BTC, which would be great for ETH as the second market leader.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/ (5% fee discount)
*not investment advice*
Note
Move happened, no entry. Waiting for 4H close to see what next.
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