The volume on ETHUSD paid is good.
Has bounced from the uptrend line from the bottom. Basing this trade on this uptrend line.
XBT could make a move up here which should ETH Long.
SL for Mid Term Trade Setup -> 110.20 at 3-5x Leverage with an extra stagger around 111(optional)
SL for Short Term Trade Setup -> 119.20 and 5-7x leverage
Pink lines are the mid term targets
Blue lines are short term targets
I'm going for a mid term setup.
Has bounced from the uptrend line from the bottom. Basing this trade on this uptrend line.
XBT could make a move up here which should ETH Long.
SL for Mid Term Trade Setup -> 110.20 at 3-5x Leverage with an extra stagger around 111(optional)
SL for Short Term Trade Setup -> 119.20 and 5-7x leverage
Pink lines are the mid term targets
Blue lines are short term targets
I'm going for a mid term setup.
Note
What's interesting here is that we are also forming a bear flag.Which could drag us to low 100s
In that case you could choose to have your STOP LOSS under 120 with increased quantity to enter you in a SHORT position for a break down from bear flag.
This would invalidate the uptrend.
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Related publications
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.