That's it, I'm out! Thank you!
Hello investors! Yes, ETH did a weird candle today, very bearish and with high volume. Now I’m out, as I’ve already told you that I would only sell my position if the price close under this green line in the hourly chart. It seems it will continue to go up though, but in any case, I booked my profits here. We’ve been long since May 13, and this trade gave me about 10% profits. Also, the link to my call on this trade is below, as usual, and I invite you to follow me to keep in touch with our trades and analyses, I’m sure you’ll find something useful. And congratulations for those who did catch this trade with me! Another battle won, my friends!
Ok, now ETH is back to the green line, and if this is just a pullback to resume the bear trend and hit the black line again, I don’t know. Let’s see the daily chart:
ETH hit a resistance zone, and now the bulls are struggling to pass through this point. If you think about it, a pullback to the 21 ema would be very good imo and would allow the bulls to take a deep breath and gather the strength they need to resume the trend. In this case, I would buy again!
In any case, there’s nothing for the bulls to worry right now, and the trend is still bullish. Any drop on the price will be just another opportunity to long again, until the trend reverses.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Ok, now ETH is back to the green line, and if this is just a pullback to resume the bear trend and hit the black line again, I don’t know. Let’s see the daily chart:
ETH hit a resistance zone, and now the bulls are struggling to pass through this point. If you think about it, a pullback to the 21 ema would be very good imo and would allow the bulls to take a deep breath and gather the strength they need to resume the trend. In this case, I would buy again!
In any case, there’s nothing for the bulls to worry right now, and the trend is still bullish. Any drop on the price will be just another opportunity to long again, until the trend reverses.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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