Ethereum / EuroLong
ETHEUR - channels, again
Updated
Levels from the last analysis (the linked one with canceled trade) were never reached, so time for new one.
ETH touched the 0.618 Fib level of last drop and the middle of the uptrend channel. Pullback is expected to the bottom of the channel, somewhere around/between 382 and 385, with targets at 415 and 440. Initial stop loss will be set at 358 and will be moved higher when appropriate time comes.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Larger view:
ETH touched the 0.618 Fib level of last drop and the middle of the uptrend channel. Pullback is expected to the bottom of the channel, somewhere around/between 382 and 385, with targets at 415 and 440. Initial stop loss will be set at 358 and will be moved higher when appropriate time comes.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Larger view:
Note
Just a note. In case the trade will be activated, I will leave part of trade for a long run (will not sell everything on T2).Note
Trade set up like on image below.Trade active
Trade closed: stop reached
Closed, SL reached.
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