Ethereum : Long Setup
Updated
I waited too long to get position from below but I missed it )
I also waited for a close above the trend line. (1W)
When we look at the terminal related Major Cryptocurrencies :
We see Ripple and Ethereum stand out.
They are being discounted.
Blockchain data change is also nice.
We will examine the other Cryptocurrencies later.
I think it is necessary to be in the game because it contains a valuable Risk / Reward ratio.
This analysis will be more risk free with the following parameters :
- Position Size : %1 or Small Percent of Crypto Portfolio ( %10 - %15 )
- Risk/Reward Ratio : 1 / 2.63
- Stop-Loss : 140.95
- Goal : 236.61
Regards.
Trade closed: target reached
Target Reached with %41.45 net profit !We are on Fibonacci 0.500 Retracement Level.
And Fibo 0.618 Level is = 271.46
Note
It is likely to be seen at those levels. (My Opinion : Over %70 Possibility)I close trade here to avoid adding later information.
Note
That's enough for 2nd wave. At least i wanted to give info , Bitcoin nearly 0.618 so let's sell and wait status over-under Resistance.
Note
271.45 already seen today too (y) Regards ))
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