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Long-setup

ETH Long setup and trading plan!Based on the 4H timeframe, COINBASE:ETHUSD is forming a nice and solid long setup. The macro picture Starting from March 2020, ETH is in the upward trend. In the past, this trend acted as solid support and so far it remains as a good support level. However, from the price level of $489.38 the asset experienced the downward impulse wave that was accompanied by the increasing volume. We are currently in the retracement after the impulse wave (Steady price increase on a low volume) and this supports the idea that Ethereum can be in a downward trend in a shorter term. The Local picture Currently, the price of ethereum is consolidating in a descending triangle. Most of the time the triangle consolidation is a continuation pattern and from the beginning of September 2020 the asset experience the upward trend. Trading Plan Based on the analysis, there is a higher probability that the price of ETH will increase. Therefore, we will be looking for a long position and this is the scenario that we believe is going to happen. 1) The price will continue its consolidation in the triangle for some time. 2) When the price will reach the last 1/3 of the triangle base, we believe that we will see the sharp and quick breakout into the green area ($348 - $355). This will be the collection of stops out of weak hands. The bottom of the triangle and the green area would be a good entry point for the long position 3) If The price will start increasing with the increasing volume we should expect the breakout into the opposite side to reach the area of $395 - $400. This is not only a key psychological level but also the point of control of the previous month. This would be the first Take Profit target and the point where it would be advisable to move the stop-loss into the break-even zone. 4) The price will meet some resistance at this level, however, it can still continue its growth if there will be no aggression from the sellers. In this zone, we may experience another local accumulation phase. 5) If the price will continue the upward movement with the support from the volume it can reach the second "Sell Zone" ( $402-$427) and in the upper part of that zone ($420 - $426), we would aim to close the second take-profit target. At this point, most of the position will be closed. 6) The "golden pocket" is the area for the reversal and potential target for the short position. Best of luck with your trading!
COINBASE:ETHUSDLong
by Wunderbit
2
MATIC/USDT - Long - Potential 10%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: MATIC/USDT T/F: 1 HOUR LENGTH: Short RISK - Medium ENTRY: 2078 TP1: 2121 TP2: 2184 TP3: 2238 TP4: 2298 SL: 2006 NOTES: - Be cautious with recent BTC uncertainty - follow with stop losses - Uptrend - Sat on Support Zone - Support Rejection Candles - Oversold on RSI Deviance - Resistance>Support Flip KEY: BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss. LENGTH: SHORT = 1-2 DAYS MEDIUM = Less than 1 week LONG = Less than 1 month RISK: LOW = E.G Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles MEDIUM = E.G Broken support // Trend Reversal // Consolidation HIGH = E.G Not fully brokend Support // Overly mature uptrend ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
MLong
by Kryptochristian
BLZ/BTC - LONG - POTENTIAL 16%+ Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: BLZ/USDT T/F: 1 HOUR LENGTH: MEDIUM RISK - MEDIUM ENTRY: 371 TP1: 383 TP2: 410 TP3: 438 TP4: 484 BONUS TP - 600 (35%) SL: 333 NOTES: - LARGE UPPER POTENTIAL - UPTREND - SUPPORT BREAKUP CANDLE - BREAKOUT TO PULLBACK ON SUPPORT ZONE KEY: BONUS TP - IT COULD CONTINUE TO RISE TO A SIGNIFICANT HIGH ALTHOUGH IT IS EITHER VERY LONG TERM OR A HIGH RISK TARGET. RECOMMENDED TO FOLLOW BY SECURING PROFITS WITH TRAILING STOP LOSS. LENGTH: SHORT = 1-2 DAYS MEDIUM = LESS THAN 1 WEEK LONG = > LESS THAN 1 MONTH INVEST = MORE THAN 1 MONTH RISK: LOW = EG. STRONG SUPPORT // MULTIPLE BOUNCES // STRONG UPTREND // OVERSOLD // BREAKOUT > PULLBACK > SUPPORT // REJECTION CANDLES MEDIUM = EG. BROKEN SUPPORT // TREND REVERSAL // CONSOLIDATION HIGH = EG. NOT FULLY BROKEN SUPPORT // OVERBOUGHT // OVERLY MATURE UPTREND ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
BLong
by Kryptochristian
Buy USDCHF now With proper Stop loss and Take profit.we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌 If one of our idea can help one other person , then to me, that is success. Strive to be authentic, not perfect. Share your Ideas in Comments – that’s what enables Traders to connect. And know that there is always someone listening – => if You Need Trading guide, any Notes, any information about trading Feel free to message us through Trading view. Check today analysis ___________________________________________________________________________ Before trading our ideas make your own analysis and research properly. Forex Trading are leveraged product & can result in the loss of your entire capital. Please ensure you fully understand the Risks involved. >> I’d like to close with a big thank you. Thank you for reading and for helping us to grow. But most of all thank you for being a part of our journey…With love, Trading Fleet Team
Long
by trading_Fleet