Like my previous analysis on Xrp, Eth looks like it could go for a last scalp-long before capitulation..
1. The Scalp idea:
We should see a breakout from the triangle around 131$, from there i expect a re-test of 140 too confirm the resistance and alot more downside!
Here's my play:
Portfolio Risk: 5%, Leverage: x10 - x25
Long after breakout: 130.5$
Sl: 129$
Target: 140$
2. The next big downside for Capitulation
Logicaly i will preset my orders for a short at 140, once we get there i will post what i expect for the move down!
Stay tune.
1. The Scalp idea:
We should see a breakout from the triangle around 131$, from there i expect a re-test of 140 too confirm the resistance and alot more downside!
Here's my play:
Portfolio Risk: 5%, Leverage: x10 - x25
Long after breakout: 130.5$
Sl: 129$
Target: 140$
2. The next big downside for Capitulation
Logicaly i will preset my orders for a short at 140, once we get there i will post what i expect for the move down!
Stay tune.
Trade active
Already a massive 5% pump since yesterday, which means that we are at 50% of profits!From what i see we should revisit the 133 area by today or tomrrow, and from there a last impulse too 140 where i will short!
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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.