ETH/USD - big BULL momentum to $800
I think everyone sees this picture perfect monthly double bottom, momentum is bull but Ethereum could possibly consolidate into a bull flag until end of November before confirming the monthly double bottom. A consolidation matches up with big boys vs smaller alt coins (look at my previous VET call). This could propel us towards $800. For risk management purposes, first TP area is $550. I personally wont be taking profits as I got in at a good price at $245 and Ethereum is one of the best long term holds. But I will be keeping an eye on price action and alt coin marketcap to see if this bull season is actually here before I keep my bags.
Not your financial advisor nor a professional trader. Trade at your own risk.
Not your financial advisor nor a professional trader. Trade at your own risk.
Note
I wont be doing any leverage trades for this.Note
De-fi hype said NO to bull flag. On its way to 550$.Note
Price cannot break below 290 or it would break the higher low trend. Kepe an eye on price action at $360, if it stays above there we would be healthy for a consolidation to 550$.Note
Consolidating perfectly. As the chart says, I see this consolidating until November. Keep an eye on price action.Note
550$ real soonNote
TP1 hit, TP2 hit, congrats everyone!Note
Tp'd on my trading bag and keeping my long term.Trade closed: target reached
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.
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.