Ethereum How To TradeThe price proves that it's going up by ignoring the bottom line of the ascending triangle. (Which is acting as trend line too)
The idea behind of this chart is to show Profit Targets and how to get these Profit targets.
Remember one color presents one pattern + target.
Let's take a look at symetrical triangle:
Draw vertically a line from the highest point of the pattern next to the lowest point. The line we just draw gives us the length of the target.
Move this line to the break out point. Where the price has breached top line of the pattern. Where this line ends is giving pointers where the price might be heading to.
Tadah!
My previous trading ideas of Ethereum can be found from my tradingview account and some of them are still active. (Long term trades as they are)
So feel free to check them out!
To play safely we need to use stop losses in case something goes wrong.
Note this is a long term trade! Requires patience and flexibility to adjust the sails of the market movement.
Be careful while trading!
Always be cautious of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
Any questions or need help? Feel free to leave comments and feedback!
Yarr!
