Decent trade possible on ETHUSD. Good risk/reward = risk 30 to gain 120.
S/L @ previous swing low around 250 USD or at your own discretion, if the price goes below that, the idea breaks.
Take profit around 400 USD, +/- 20 USD.
S/L @ previous swing low around 250 USD or at your own discretion, if the price goes below that, the idea breaks.
Take profit around 400 USD, +/- 20 USD.
Note
Potential breakout out of the depression happening right now. It started with ethbtc. Hold steady.Note
The market proved me wrong, the idea broke when it started falling sharply with good volume.I bailed immediately when I saw that at 278 usd.
Looking forward the way I see it there are two potential areas of interest for a bounce.
A) 180-201 usd, bounce to around 240.
B) 100-140 usd, potential swing bottom, too early to say where the bounce could go, but minimum of 250, possible 350, maybe even 410.
I’m waiting the market out for now.
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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.