EthereumLong
Possible Cup and Handle On ETH
Updated
There's a possible Cup and Handle pattern forming on ETH's 4-hour. Good risk/reward ratio. Will enter a long.
Stop:$447.06
Average Entry Price: $504
Final Target: $837.77
Risk/Reward Ratio: 5.77
First Target: $600
Second Target: $700
Final Target: $837.77
Will Update Accordingly.
ETH's 4-hour. Good risk/reward ratio. Will enter a long.Stop:$447.06
Average Entry Price: $504
Final Target: $837.77
Risk/Reward Ratio: 5.77
First Target: $600
Second Target: $700
Final Target: $837.77
Will Update Accordingly.
Note
First Target reached. Not taking profit yet, but I'm moving my stop into profit.Note
Second Target reached. I'm taking profit here because I'm not positive that the Final Target will be reached. A lot depends on Bitcoin.Cheers to whoever joined me in this trade.
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.