Ethereum Break out, 4hr chart
ETHUSD
Purple Rising wedge has formed and ETH broke out of the wedge to the upside
Measured move would be $700
Leverage is a possibility, decide for your own
Buy: $610 - $630
Sell: $690 - $700
Stop Loss:
I would recommend to place sell order at $690 level since it might retrace before after measured move and there is a possibility the target is missed by only a few dollars.
Estimated Duration: 3 June 2018 - 9 June 2018
Note: Please let me know if you have any ideas to add or tips for me, I'm new to TA
ETHUSD
Purple Rising wedge has formed and ETH broke out of the wedge to the upside
Measured move would be $700
Leverage is a possibility, decide for your own
Buy: $610 - $630
Sell: $690 - $700
Stop Loss:
I would recommend to place sell order at $690 level since it might retrace before after measured move and there is a possibility the target is missed by only a few dollars.
Estimated Duration: 3 June 2018 - 9 June 2018
Note: Please let me know if you have any ideas to add or tips for me, I'm new to TA
Trade active
Measured move is lower, small mistake in TA here above |
ETHUSD |
Put Sell orders : $ 680 - $688
Stop Loss which is forgot to mention is : $ 590
The move will probably be made till 9 June 2018 which is 6 days from now
Sorry for the mistake!
Note
Better view :
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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.