ETHUSD: Ascending Triangle Forming On Daily
Updated
Ethereum looks to be confirming another ascending triangle on the Daily chart with currently two touch points on both horizontal resistance as well as rising support. The TD Sequential on the Daily as well as the Weekly is on a green 2 so now waiting for confirmation on a move above ₿0.0216, the Daily green 1 candle as well as triangle resistance. The Weekly green 2 candle then needs to move above ₿0.022215 to also become bullish on a Weekly chart.
Stop loss just under ₿0.02 (-7.4%)
Target of ₿0.02611 (+20.9% / 200 Day MA)
2.82 reward ratio.
Altcoin Dominance Bouncing From 0.382 Fib Retracement
ETHUSD Ascending Triangle Breakout On 4hr
Stop loss just under ₿0.02 (-7.4%)
Target of ₿0.02611 (+20.9% / 200 Day MA)
2.82 reward ratio.
Altcoin Dominance Bouncing From 0.382 Fib Retracement
ETHUSD Ascending Triangle Breakout On 4hr
Comment
Correction! This is ETHBTC not ETHUSD as titled :/Comment
Looking good and ready to pop to the upside today or tomorrow. Am only taking 50% of the position on a break above today's high, followed by the other 50% moving above the weekly high from 19th Spetember.This is due to buying into a green 4 on the Daily sequential which isn't ideal, while the Week;y is on the green 3 which is preferred.
Trade active
Slight changes from original trade, higher entry, higher stop loss.50% of position filled so far as explained above.
Entry @ ₿0.021751 (filled) & ₿0.02223 (open)
Stop @ ₿0.0207 (-4.8%)
Target: ₿0.02555 (17.4%)
Risk: 3.62.
Comment
Better late than never! Break even stop loss now @ ₿0.021751.
Holding back from second position at the moment as BTC looking weak...
Trade closed: stop reached
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