Ethereum (ETH/USDT)
Exchange: Huobi Global
Information:
1) We have first global downward slope with a lower resistance line of $358.00
2) We have now formed an upward slope and price is pressed higher and higher.
3) Event = Consensus May 13th - 15th, 2019
4) Bitcoin did not go for a correction and keeps the price - it makes it clear that some alt coins, like Ethereum, will increase. Fundamental analysis is positive for bitcoin.
5) We were fixed above resistance at $167.00
About stop loss:
Stop loss is placed inside triangle. Below breakdown zone.
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Buy = $171.50
Take Profit = $350.00
Stop Loss = $147.00
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Profit:Risk = 7.28 : 1
Profit:Risk = +104.08% : -14.29%