Eth decided to drop to a new, lower, parallel channel, creating a new trendline. Nevertheless, I'm still expecting the break up as indicated by the yellow ellipse on my chart. I think it will shoot up to 167.
Trade closed: stop reached
I misspoke. Not a parallel channel. It is what it appear to be, a larger wedge. Also, if eth isn't ready to shoot up where I circled, it might make its move where the solid and dashed pink lines meet. I think.Trade active
Correction: where it says, "Trade closed: stop reached," that's wrong. I'm still in this.Note
Welp, I was wrong. Who knows where we're going now???Note
62 cents lower and I would've been stopped out.Since I'm still here, let's hope this idea plays out. I have my stop limit at 146 now, in case we don't rebound.
Trade closed: stop reached
Stopped out at 146
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.