I made this idea as a continuation of the previous one for the convenience of monitoring price movements. Work in the upstream channel.
The previous trading idea gave a rather substantial profit.
ETH / USD Ascending triangle formed Working on the instrument
My trade in this cryptocurrency for a year. Trading ideas are those that are publicly available.
Most importantly, click on the picture of one of the trading ideas and you go to it, see the updates under it. I accompany the price during the development of the price movement before the publication of a new idea. Typically, there are 5 to 10 accompanying price movement updates under the idea.
You can use this material as a training course on real trading in 1 year.
ETH / USD Triangle. The price is shrinking. Soon the denouement. 31 03 2020 The origin of this trend. Publish Price $ 130.99
The future breakdown of the triangle was shown in advance very accurately in time 04 04 2020
Training / work idea. Holding a position in the ETH / USD trend. Trading in a developing trend. Past trading idea + 70% Published 03 05 2020 Price at publication 222.18 $
ETH / USD Double Bottom. Timeframe 1n. Past + 65% + 22% + 70% + 22% + 33% Published 01 09 2020 Price at publication 366.45 $
ETH / USD Primary (main) trend. Channel. Rollback. Reversal confirmation. Reversal area Publication 24 09 2020 Price at publication 310 $
ETH / USD Local work. Triangle. Soon the denouement. Publication 09 01 2021 Publication price 1233 $
Past trading idea. ETH / USD Ascending triangle is formed Working on the instrument. Publication 30 01 2021 Publication price 1318 $
I try to give the most accurate data for work not for the "hamster" level. Be attentive, learn to see what is hidden from the blind and think. Learn, develop, gain experience in trading. Knowledge without experience is zero. Don't be theorists, be practitioners. Only the weight of your deposit matters to your trading success. Theorists cannot boast of this.
Note
Note
Note
+ 61.97% exactly up to $ 1 at the specified price level.
Note
Squeeze exactly to support an uptrend secondary.
Note
+ 31% of the support of the upward channel (squeeze) to the zone of the level of $ 2560 at the moment. The trend is developing, mind you against the background of the local correction of bitcoin and most altcoins.
Note
Note
Exactly $ 3333 now. + 72.33% from the pivot point. Pay attention to the volume.
Note
+ 85.72% (price now $ 3485.80) from a reversal (exact price) in this trend. Pay attention to the zones indicated by arrows and price levels in the idea and update the work under it, add the mosaic, it's not only money, it's interesting. Will there be $ 4290?) You also need to understand that the Bitstamp exchange leads the price of ETH (and not only).
Note
+103%
Note
$ 4290 + 171.7% from the breakout of the triangle resistance, from the last pivot point in the 118.88% update Sometimes fractions are more important than the percentage itself. Did you not notice it?) Once again, carefully look at the March poll in the public channel about the price of ETH in May in these dates (poll 3 month 28), also analyze the updates of the work for this period of this trading "idea" Let me remind you of the publication for 4.4 21 (44/21). Does this channel remind you of any coin?
Note
Levels from 4 04 21 did not change. The levels have been superimposed on the "empty chart" as these are new all-time highs. The exact prices were quoted before the asset rallied in this secondary trend.
From the peak of $ 4290.16 (dark blue, maximum), the dump into the zone of the level (red on the chart) $ 1960.51 and almost squeezed it touched the zone of the 1800.13 level (yellow, reversal). At the moment, the price has reached the $ 2800 level zone. All future levels (important areas for work) were shown when published in advance. Price per idea was followed.
At the moment. An important resistance is a local downtrend (red) price fixation above it will mean the continuation of the growth of this trend, perhaps, for example, the formation of a triangle, where this "drain" will be its base (this is no more likely). Not anchorage - lowering, or at least a sideways movement with a large step. Remember, the uptrend (green) is the dynamic support.
Note
Local work.
Long script ETH / USD entered the $ 2800 level zone and is now in the resistance zone of the local downtrend (red). Crucial moment. Fixing the price above the downtrend will continue the development of this local uptrend and the potential for a return to the previous secondary trend.
Short script. Failure to overcome this resistance, the decline and the formation of a local "double bottom" in the event of a price stopping in the zone of support level 2100. A breakthrough of this support zone - the formation of a descending channel. Stop at the intersection of the dynamic support of the trending and horizontal support of the zone of influence of the level of the 2017 highs.
Note
Local work on ETH. An inverted head and shoulders have formed (if squeezes are taken into account) on the candlestick chart + a triangle on the linear chart (closed daily candles). Bottom 55% The price has come up against an important resistance zone of both 2800 formations from the breakout and consolidation above this zone and it is being decided which trend will develop locally.
Fundamental events this summer in the ETH blockchain, which can greatly affect the price (depends on the result of implementation and the reaction of the community, in particular miners + FUD on the situation for the direction of the price).
Ethereum 2.0 developers are preparing to deploy the first ever second version of the Altair network in July or August this year. Ethereum's eleventh hard fork, London, is expected to take place around the same time. The developers want to roll out the updates around the same time so that the validators can update the ETH1 and ETH2 software once.
The London hard fork will contain controversial code changes, including EIP-1559, which is revolutionizing the Ethereum fees market. On the other hand, the Altair update will bring minor but important changes to how ETH 2.0 works. #ETH
Note
Note
There were no attempts to break through the resistance of 2800. The ascending triangle was broken down. Short work -25% The price was stopped in the zone of 1800.13 A falling wedge is forming (confirmation if the downtrend (red) is not broken. in 60% increments
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.