Long

Ethereum USD long opportunity

Updated

My fellow traders,

The following has been observed:

rsi is showing a pattern
bullish divergence showing up
volume flow is steady in this area
second touch of trendline incoming in a triangle pattern (LH+HL)
elliot wave count at the 4 to the 5 of the 5
elliot wave fibonacci points 0,1504, 3.618 and 1.618 allign together (extremely technical since the drop by the way)
strong red support line

These factors combined give us a good long opportunity:

buy at 428 usd
sell at 640 usd

Everything might be a some dollars lower or a higher so keep track of the movement.

ps: I'm not a financial advisor so I'm not responsible for any wins or losses :)

Note

Be carefull (ladder wisely and only with a portion of ur equity). Stay safe and good luck everyone!

Note

Better zoomed in we understand why math is great and gives some interesting indications

Note

Allways keep a good eye on different signals and crossexamine everything what you can find to better make an understanding of a movement. Now the last signal that is evidently also available on the graph are the frags and this is how this temporary spin can work out

Note

A random Iron balls box has been formed. Only for HodlyCrypots!

Note

here comes the boom

Note

Two paths have opened, both seem to predict lower points than where we are now, either up a little then down
or down
so selling here is wise, rebuy laddering same strategy when we go down

Note

Selling was wise and a good call as the chart shows, bought at the bottom, sold at the top, I will try to reladder the buy when it hits the previous target again or near it, expecting a bigger bounce this time as it consolidates hopefully the support

Note

Selling was definately a good call. Rebuy in at the last bottom or a few dollars under it. Ladder it and go back in because another upward movement is coming. We are trading sideways in a neutral zone (it confirms the support line). The target is set around 409-421 (409 is fib target).

Note

stop all trades and take profits while you still can, we are going lower.

HodlCrypot

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.