Ethereum weekly price action shows a strong trend (Green/Green) that has consistently bounced between 2ATR and the 34EMA.
Current price action is at the 50% Fibonacci retracement with a 5 bar squeeze.
1. Aggro Entry @ 3805.
2. Moderate Entry between 3602 andn 3505 to capture the 21EMA / 100% Measured Move and 61.8% Fib retracement.
3. Conservative Entry at the Vprofile level and 34EMA Close - 3127.
4. Stop Loss @ 55EMA.
First Profit will be a 50% retracement of the current pullback to start trade management.
Current price action is at the 50% Fibonacci retracement with a 5 bar squeeze.
1. Aggro Entry @ 3805.
2. Moderate Entry between 3602 andn 3505 to capture the 21EMA / 100% Measured Move and 61.8% Fib retracement.
3. Conservative Entry at the Vprofile level and 34EMA Close - 3127.
4. Stop Loss @ 55EMA.
First Profit will be a 50% retracement of the current pullback to start trade management.
Trade active
Entered today @ the Aggro - 3805.First Profit - 4195
Stop Loss - 2995
Good Luck!
Trade active
Prices have dropped into the Moderate Entry band today based on the Fed's Hawkish commentary. I'm going to hold onto my current position and watch price discovery until tomorrow. I'm looking for below 3550 for an entry.Trade active
Bot @ 3535 tonight after the solid bounce from the Daily 200sma and price within the weekly support band.Trade active
Based on the size and rapidity of the decline, along with the fundamental factors from the Wednesday Fed reports, I am holding off on a Conservative entry until I can see bullish support. I am currently looking for an inside candle and breakout.I will hold until the 55ema around 2900-2950.
Good Luck!
Note
Prices dipped down toward the S.L. on the open today, but I held through the clearing range and prices have risen back to 3100 level. Still holding!Note
Bought 3220 on the break out to the upside. Holding for continued movement.Trade closed: stop reached
Stopped out on move below 2950.
Substack - The Bandito Review
@egrajek
@egrajek
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.
Substack - The Bandito Review
@egrajek
@egrajek
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.