1D ETH long in broad bull channel
Updated
1D:
Ethereum is in Broad Bull Channel from June.
In September i am spotting more Buying Pressure ( more bull bars closing above their midpoints near the highs )
Also, locally we have unfilled gap with previous lower low which is evidence of Bull Strength.
Trading Idea:
Buy with stop order above bull bar at 1632
Place protective stop order beyond major higher high at 1413
I want to swing position for risk/reward 1/2 with take profit at 2071
Ethereum is in Broad Bull Channel from June.
In September i am spotting more Buying Pressure ( more bull bars closing above their midpoints near the highs )
Also, locally we have unfilled gap with previous lower low which is evidence of Bull Strength.
Trading Idea:
Buy with stop order above bull bar at 1632
Place protective stop order beyond major higher high at 1413
I want to swing position for risk/reward 1/2 with take profit at 2071
Trade closed: stop reached
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