ETH/USD Time for a break!

Updated

But which way. Long term I am bullish on this pair. Short term we could get another leg down before finishing the higher time frame correction. If price action breaks the daily structure look for a good pullback and then long, long, long.

Note

Price action broke the trend line as anticipated. look for a pullback to take to the daily trend line (green line) and then a potential break of it.

Note

1 st target hit but may have a bit more up before correction

Note

Tagged daily TL may pull back. Watch for a break of this level and a small correction and go long.

Note

Broke and made another leg up. Retested swing high. Watch for a pull back to the daily trend line and then another strong move up. Also watch for small flags to add to the trade.

Trade closed: target reached

We have reached the target. I still am bullish on this pair.
I will keep 25% in play and move my stop to break even.

Note

This trade has a lot higher upside as we go forward. The target is where I see it now but I am thinking much higher. We have to reassess as price moves forward.

Note

SL not clear in the last update. If I take this trade I will put my SL at $13.51.
Remember 4 hr candle must close above purple line and finish in the top 75% of the candle.

Trade active

Note

The Kraken order book is showing a big slug of sell orders between current price and $14.20. If you are in this trade you may wish to remove some position and wait to re-enter at a bit lower price. I will hold my position and weather the storm.

Trade closed: target reached

Target hit on 60 min subtrade long

nahidik

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