I'm hopeful that a short term uptick in ETH will be inbound here shortly, Its above the 10, 20, and 50, MA, riding the mid-line of the schiff pitchfork, and the 10, is over the 20, which is over the 50, I turned off the MA's so the chart was a little clearer (and I apologize I forgot to make it single a single chart panel) RSI and MACD are not over-extended, but the volume is also decreasing. We're forming what looks to me like a symmetrical triangle, and we seem to be sitting on a nice volume shelf, right around the Point of Control.
The main reason I publish these charts is in the hopes that I get feedback from traders that have more experience than me, to help me become a better trader. Because as far as I'm concerned, my education on trading is never over, and if a few people find benefits in the things I've learned up until now, even better! So let me know your thoughts about this or about anything else you are excited about in the comment section below, and feel free to drop your charts as well. I'm always looking for new trade ideas, and its hard to make it through the whole list on here. Thanks everybody!
Heres a better chart:
Love & Prosperity To You All
The main reason I publish these charts is in the hopes that I get feedback from traders that have more experience than me, to help me become a better trader. Because as far as I'm concerned, my education on trading is never over, and if a few people find benefits in the things I've learned up until now, even better! So let me know your thoughts about this or about anything else you are excited about in the comment section below, and feel free to drop your charts as well. I'm always looking for new trade ideas, and its hard to make it through the whole list on here. Thanks everybody!
Heres a better chart:
Love & Prosperity To You All
Trade closed: target reached
Had to adjust my target twice and almost caught the very top. Got out at 1224. I chose to adjust because of the strength it was showing and once it broke out of the symmetrical triangle I felt that was valid. Thanks for reading
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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.
Follow me on Instagram and Youtube
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.