ETH pushing to it's final target $6k
A 3 big move trade play on Ethereum spanning to Monday. Obviously I will short the final 6k target but that is for another post.
Trade 1: Long @ $4051 with a same day target at $4721.
Trade 2: Short @ $4721 with a target $3900.
Trade 3: Long @ $3900 to final target $6011.
Trade 1: Long @ $4051 with a same day target at $4721.
Trade 2: Short @ $4721 with a target $3900.
Trade 3: Long @ $3900 to final target $6011.
Trade active
Long $4051Note
Added more to the long @ $4068 on this fake bear flag.Note
Coming a huge green one, FOMO buyers about to enter.Note
FOMO buyers will push ETH to 4.7k, from there down to $3900 or more for a brief moment to fill the Trade 3 buy limit.Note
Ready to 🚀Note
How do you create confidence in the markets? You lure the participant with an imaginary $4013 support!I will add more ETH with a buy limit @ $4019.
Note
Filled, I will not do the trade plan. This is the setup I will do long sub 440XX closing on Monday when ETH hits the $6011 target.Trade active
Note
Target expected on Wednesday-Thursday.Note
Look at that, no strength for upside move. Crashing to $2240 today.Trade closed manually
Long closed with 213 pips profit. Will not short this since there will be a lot of short term volatility, option play will outperform short profit. Next stop after $2240 will be the $968.
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Disclaimer
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.