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Ethereum
Long

ETHER BUY POSITION

By pato
Updated
Just like most of the crypto market, buyers seem to be taking a breather after bidding prices up for the whole of the past week. Here is a buy position with a 2.26:1 REWARD:RISK RATIO
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I discounted the anticipation for a market turnaround in the crypto space which has led to waves of buyers constantly bidding this up and called the consolidation too early. I highly doubt this is going to go on for too long without some sort of profit taking.

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$710 on the dot. Now lets find a floor

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Looks like we may make a push for a new high. If $700 ethereum gets filled, i think theres a good shot we jump.

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Beautiful uptick. WHAT NOW?

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Trade closed: target reached
I forgot to close this one. Now we are well into a consolidation

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Chart PatternsetherEthereum (Cryptocurrency)ETHUSDTrend AnalysisvalarcciWave Analysis
pato

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