Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
ETHUSD has been moving inside this channel for a while now, similar to the channel I saw on the 
XTZUSD chart.
Right now, ETHUSD is chilling in the middle of said channel, therefore risk-reward is 1:1 on the short term. I'm aiming for new entries in the lower end of the channel (between $190 & $200), for a long-term position.
Admittedly, I missed the entry I now suggest yesterday. Luckily I'm still holding positions below $150 & $170.
Once again, please do your due diligence before trading.
Best of luck, may your trades be profitable.
- Jelle
ETHUSD has been moving inside this channel for a while now, similar to the channel I saw on the XTZUSD chart. Right now, ETHUSD is chilling in the middle of said channel, therefore risk-reward is 1:1 on the short term. I'm aiming for new entries in the lower end of the channel (between $190 & $200), for a long-term position.
Admittedly, I missed the entry I now suggest yesterday. Luckily I'm still holding positions below $150 & $170.
Once again, please do your due diligence before trading.
Best of luck, may your trades be profitable.
- Jelle
Note
Support @ 204. First Resistance @ 247.
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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.
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.