POTENTIAL TRADE SET UP FOR ETHUSD
Updated
PLAN
- Open a short position at 1314-1328 and set a stop loss at 1407.
- Set Take profit price at:
1. 1256.60
2. 1127
3. 1052
- High risk but higher reward, 1:4
INFO
- "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956.
- HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE BACK INTO THE BIG BULLISH RECTANGLE CHANNEL.
- GRAYSCALE HAS OPENED THEIR ETHEREUM INVESTMENT BACK, cryptopotato.com/grayscale-has-resumed-private-placement-for-the-ethereum-trust/.
- They might be waiting for the price to dump so they can buy the dip.
SIGNING OFF,
THECRYPTONIZER
- Open a short position at 1314-1328 and set a stop loss at 1407.
- Set Take profit price at:
1. 1256.60
2. 1127
3. 1052
- High risk but higher reward, 1:4
INFO
- "DOUBLE TOP" or M formation and "HEAD AND SHOULDERS" in play within a symmetrical triangle. Breaking down can bring us to 1050 or 956.
- HIGH VOLATILITY EXPECTED WITH VOLUME TO PUSH PRICE BACK INTO THE BIG BULLISH RECTANGLE CHANNEL.
- GRAYSCALE HAS OPENED THEIR ETHEREUM INVESTMENT BACK, cryptopotato.com/grayscale-has-resumed-private-placement-for-the-ethereum-trust/.
- They might be waiting for the price to dump so they can buy the dip.
SIGNING OFF,
THECRYPTONIZER
Trade active
WE ARE STILL GOOD TO GO .Trade closed manually
Hit our stop loss. Price Did not breakdown. Chances to breakout.
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