Long
POE/ETH entry - reached bottom?
POE has been consolidating on what seems to be a bottom and is beginning to form an ascending triangle pattern in the smaller timeframes - all within a larger descending triangle pattern of larger timeframes. The bottom support line at 5000 ethoshi (0.00005000) is never broken
Following indicators point towards a good entry point for me
- the Tenkan Kijun has just been crossed on the 4 hour timeframe
- increasing volume
- ascending triangles on lower timeframes
ENTRY - 7000 ethoshi
T1 - 11200 ethoshi
T2 - 15900 ethoshi
STOP - 5000 ethoshi
Following indicators point towards a good entry point for me
- the Tenkan Kijun has just been crossed on the 4 hour timeframe
- increasing volume
- ascending triangles on lower timeframes
ENTRY - 7000 ethoshi
T1 - 11200 ethoshi
T2 - 15900 ethoshi
STOP - 5000 ethoshi
Trade active
Entered positionNote
So far we're on track. Should have done this earlier, but raising the stop-loss to the nearest 4H candle bullish fractal (not shown unfortunately). It's at 7600 ethoshiTrade closed: stop reached
the second stop was reached. Remember - always keep taking profits along the way !
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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.