ETHUSD Shows Hammer Candle - Go Long - Fortitude
Updated
This same setup is occurring in most other cryptocurrencies, BTC', LTC' etc. This trade takes guts and why I call it the Fortitude setup.
Go long a break above the high of the Hammer Candle.
Go long a break above the high of the Hammer Candle.
Note
As you can see these reversals can move quickly. You can grab a quick profit off this bounce if you're a short term trader. If you were looking for an entry point in the midst of a crash, then this is about as clear as it gets.
As a longer term trader this could be your Christmas present to start off the new year!
Trade closed manually
Merry Christmas
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