ETH levels, trend lines & perspectives. Target still the moon?
Updated
In the area of the yellow rectangle we
have an interesting combination.
There meet:
• Arrow of current down movement
• Trend line of the current trend
• 0.5 of last bearish swing with
Price can there bounce back to higher highs.
If it breaks next bearish target is $250-240.
At the moment I expect that we will hit $280-270.
After the weekend the volume will increase again and price will follow upwards.
I think $280-270 range will get busy and a lot people will go long.
If we touch $280 I will go long again.
Tight stop loss at $266 (≈5% loss).
Target: 1. $325 (RR ≈3.2) / 2. $340 (RR ≈4.3) / 3. $360 (RR ≈5.7)
Let´s see how this will work.
No risk no fun. And of course someone must buy to get this baby back on track. ;)
This is no recommendation.
It´s just my personal result of my analysis.
Do your own research.
Comments / opinions most welcome!
have an interesting combination.
There meet:
• Arrow of current down movement
• Trend line of the current trend
• 0.5 of last bearish swing with
Price can there bounce back to higher highs.
If it breaks next bearish target is $250-240.
At the moment I expect that we will hit $280-270.
After the weekend the volume will increase again and price will follow upwards.
I think $280-270 range will get busy and a lot people will go long.
If we touch $280 I will go long again.
Tight stop loss at $266 (≈5% loss).
Target: 1. $325 (RR ≈3.2) / 2. $340 (RR ≈4.3) / 3. $360 (RR ≈5.7)
Let´s see how this will work.
No risk no fun. And of course someone must buy to get this baby back on track. ;)
This is no recommendation.
It´s just my personal result of my analysis.
Do your own research.
Comments / opinions most welcome!
Note
Still same idea / target.If I were long and still be in the profit zone, at least now I would think about to go short to safe profits.
Note
Possible bigger dip is coming. BTC is also shaking massive with > $200 jump.
I want to be on the safe side and do not buy before a bigger rebounce and multiple confirmations of holding the uptrend line.
This means that I do not buy instantly if my predefined target is touched.
Note
#nobuyRemember:
Trade active
Bullish / buy signal in 1h chart.I am long!
Target: 1. $325 (RR ≈3.2) / 2. $340 (RR ≈4.3) / 3. $360 (RR ≈5.7)
Tight stop loss at $266 (≈5% loss).
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