Ethereum WIll Trade Nicely | Q4 Forecast Is Promising For Longs
Updated
Hi Traders,
Quick update on my prior forecast in August, which came in spot on btw (see below publication)
The highly anticipated descending wedge pattern came in perfectly, and the breakout is now likely to see some follow up action.
I think we could still pull back below $200 in the near future, but i am expecting some solid support at the $190 mark - this is where I hope to get filled, but I will settle for 200 flat. The downside risk is always a consideration, and it's up you to figure out a comfortable risk tolerance. My parameters look something like this.
Long Entry: $190-$200
Stop Loss:$162 (below local lows)
Take Profit: $255 & $300
~Potential 50% gain, or 18% pain
Best of luck, hit thumbs up!
Quick update on my prior forecast in August, which came in spot on btw (see below publication)
The highly anticipated descending wedge pattern came in perfectly, and the breakout is now likely to see some follow up action.
I think we could still pull back below $200 in the near future, but i am expecting some solid support at the $190 mark - this is where I hope to get filled, but I will settle for 200 flat. The downside risk is always a consideration, and it's up you to figure out a comfortable risk tolerance. My parameters look something like this.
Long Entry: $190-$200
Stop Loss:$162 (below local lows)
Take Profit: $255 & $300
~Potential 50% gain, or 18% pain
Best of luck, hit thumbs up!
Note
Long order filled @190 - trade active - $165 stop - $300 TP
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