(ETH) Ether Wants to push up higher. 230+ target. Short/Long.
Updated
Last trade I have set up a long/short trade that made me 3% despite the 1% loss when my long position flipped short. Ethereum has hit my exact short target.
Ethereum has been struggling against the 212.80 resistance for a while. Right now we have an inverse head and shoulders pattern on the smaller timeframe so it is a good place to long. Have a stop below the low of the bear fractal.
I have posted this as Ethereum has broke the bull fractal so we can long after a retracement.
This is the inverse head and shoulders pattern that broke the bull fractal.
Long
212 (most bullish scenario)
Take profit:
219 for 5% profit
Stop Loss:
205 manual
202.5 auto
Alternatively, if Etherum breaks 206 for good (not a wick) you may short with a target at 193.
Short:
206 USD
Take profit:
Sub 200 USD
Stop Loss:
Above high of bull fractal.
Thanks for viewing! I am hoping Bitcoin can hold and hit my original 6900 target. So far we are hovering on yet another Bitfinex buy wall.
Ethereum has been struggling against the 212.80 resistance for a while. Right now we have an inverse head and shoulders pattern on the smaller timeframe so it is a good place to long. Have a stop below the low of the bear fractal.
I have posted this as Ethereum has broke the bull fractal so we can long after a retracement.
This is the inverse head and shoulders pattern that broke the bull fractal.
Long
212 (most bullish scenario)
Take profit:
219 for 5% profit
Stop Loss:
205 manual
202.5 auto
Alternatively, if Etherum breaks 206 for good (not a wick) you may short with a target at 193.
Short:
206 USD
Take profit:
Sub 200 USD
Stop Loss:
Above high of bull fractal.
Thanks for viewing! I am hoping Bitcoin can hold and hit my original 6900 target. So far we are hovering on yet another Bitfinex buy wall.
Note
Right now my trade is a Ethereum short with a stop at 216. I am hoping to get a 1.60% profit on this small trade.Note
If we can push past 216 it will be a very good sign,
Note
I am long since 212. I have no stop loss or take profit as I will be monitoring for the next 7 hours.Coinbase will be making an announcement soon, according to crypto site. Possible addition of ZRX.
Note
Target one will be 220+.We are rapidly closing in on our taget. This trade will be profitable 100%. Lock in profits by placing a stop below the low of the bear fractal.
Trade closed: target reached
Eth is weak. We hit the 220 target and could not get through.Note
Safe to short Ethereum 215 with a stop above 220.Trade active
Ethereum is looking weak. If we close below 206, it is likely we touch the 190 levels.I am short Ethereum 215 with a stop 219.
Note
Awesome. First target hit. Wait for a retrace and 230 is on the booksNote
If Bitcoin hits 6900 as I called, Ethereum still will not move up too high. I believe 257 was the absolute top.If we rally now 240 will be the resistance before consolidation or rejection.
If Bitcoin is at 6900, just short coins such as Ether for massive profit.
Note
This trade is still active. I am moving my main accounts funds somewhere else that will give me a better return.I still have an Ethereum long on my alt account and will hold until the target or stop loss is hit.
Trade closed: target reached
Target hit! Trade is closed. 8% profit.I am almost regretting moving my main funds to LTC as I did not make as much as I should have.
My alt account is doing well.
Trade active
To be completely honestly Ethereum will probably test 240 soon, but not before a retrace.A new chart will be updated on Ethereum very soon.
Note
I actually was going to post this Ethereum idea publicly, but a few minutes after I was making a private chart to share for my friend, it just pumped up. Would have been a great prediction.
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