Long

Ethereum buy signal in 1 hour chart! I am long.

Updated

My entry: $280
My tight stop loss: $266 (≈5% loss).
Target: 1. $325 (RR ≈3.2) / 2. $340 (RR ≈4.3) / 3. $360 (RR ≈5.7)

Facts:
• We had a higher high at §319.
• Volume increased after the weekend.
• Rebounced at $272 support zone (.5 of bearish swing).
• We should be in wave 5 which can bring us into the $360+ area.

This is no recommendation.
It´s just my personal result of my analysis.
Do your own research.

Comments / opinions most welcome!

Note

RSI MTF in 4 hour chart is showing buy signal as well.
CM RSI 2 in 4 hour chart confirms increasing volume.

Note

U.S. east coast is waking up soon.
This could be a good combination if people now not sell off.

Note

We broke the resistances! #upupup

Note

Short cool down is maybe coming.
But volume is good and U.S. east coast will join us soon.

Note

Looks great so far. Now U.S. west is joining the game.
Bed time of Japan/China had not much impact today. Impressive.
Next fightings will be between $303-308.

Note

Finally. A little bit delayed but here we go. New higher high on Polo and Bittrex.

Note

Target 1 and 2 reached!
Sold 70% of my position at $343,5.

Will rebuy in area $300-310 if price goes there.
If it not will be reached the 30% rest will do the job.

Next target is $360.

My stop loss is now at $295.

Trade closed: stop reached

Got stopped out this morning at $295.

So therefore the 30% rest of my position had less profit than possible.
But I got in at $280 a few days ago. It´s still a 5% profit.

The main part of my position I sold at $343,5 with a 23% profit.

No I looking for a new entry.

There are two options for me:

a) We will get another wave down to the 290-280´s. Then I go long in this range.
Stop loss in this case will be $275.

b) We break trough the $315-319 area what will be enough confirmation for me. Then I go long there even if it will be less range to my targets.
Stop loss in this case will be $295 like before.

My targets are actually still T1 $340 and T2.
But I am already in a good profit. So I let it flow to see what happens. ;)

Trade active

Long! Target $360.

r2d2One

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