If doesn't look like trend line will be broken. Im entering a Short at 317 with a target of 225. Ichimoku is bearish and strong resistance at the bottom of the cloud. Also price is perfectly aligned with a 50%-61.8% fib retracement signalling that we are still bearish. Finally volume is going down and this signals weak momentum.
If we break the down trend the up trend is confirmed. If there is a bounce off the 314-320 range, we will retest a higher low at around 225.
32.8% Fib bounce. Ichimoku resistance held. Entering a short.
AFTER BREAKING THE 38.2% FIB AND SLIDING INTO ICHIMOKU BEARISH TERRITORY WE HAVE 2 POSSIBLE ENTRY TARGET. LOOKING TO ENTER AT 10.76 AND 8.78. BUY HALF OF YOUR POSITION AT THE 10.76 PRICE POINT AND WAIT TO ENTER AT THE 8.78 MARK WITH THE OTHER HALF. IF 8.78 IS NOT REACHED AND YOU SEE UPTREND MOMENTUM BUY AROUND 12.00. AT 17.20 UNLOAD HALF OF YOUR POSITION. IF...
THERE IS A SOLID BOUNCE OF THE 61.8% FIB. VERY BULLISH RETRACEMENT HERE. OPEN LONG AT THE ICHIMOKU CROSSOVER AT 578 TARGET 750 RANGE AT THE 88.6% FIB WITH A POSSIBILITY OF A NEW HIGH!!! STOP LOSS AT 550. RISK/REWARD: 6:1
WE HAVE BOUNCED OF THE 50% FIB BUT GOT A LOWER LOW ON THE 2 HOUR. THERES IS 3 POSSIBLE SCENARIOS: 1. WE HIT THE POINT OF INTEREST ON THE DOWNWARD TREND AT AROUND 13.50 AND GO BACK DOWN. THIS CONFIRMS NEW DOWN TREND. 2.WE HIT 14.00 AND WE KEEP THE PAST CHANNEL ON A BULLISH TREND. 3. WE BREAK ALL CHANNELS AS BEFORE AND WE RETEST THE PREVIOUS HIGHS AT 15.00- GOOD LUCK!
LOOKING AT THE 15MIN WE RETRACED PERFECTLY TO THE 61.8% FIB FOR ME THIS IS 100% BULLISH. LETS SEE!
WE WILL HIT THE 50% FIB AND FROM THERE RETEST THE PREVIOUS HIGHS. ENTER LONG AT 12.35, 0.10 ABOVE THE 50% FIB AND SET INICIAL TARGET TO AROUND 15.00. SECONDARY TARGET IS 14.00. IF IT HOLDS AT 14.00 AND PULLS BACK DONT PANICK UNLESS IT FALLS BELOW THE 38.2% FIB OF 12.94. IF TARGET IS BREACHED THEN AT LEAST 16.00. IF 16.00 IS BREACHED THEN ETH IS OUT OF BEARISH...
Enter long if you missed my 12.35 long!
TRAINGLE FORMATION SIMILLAR TO OTHER TOPS. SHORT WITH TIGHT STOP LOSS
ONLY TRADE THIS IF CONSOLIDATION OCCURS AT PREVIOUS TARGET AREA. ENTER AT AROUND 13.00 WITH 13.30 STOP LOSS TARGET IS BTWEEN 11.50 TO 12.00. GOOD 3:1 RISK/ REWARD. IT COULD FALL LOWER BECAUSE OF HARD FOR SO DONT PLACE A LIMIT ON TARGET FOR THIS ONE.
WE REACHED OUR TARGET FOR THE 3RD CONSECUTIVE TIME. OVERALL PROFITS ARE 5.00 PER ETH. I AM GETTING READY TO SHORT AT 13.00 FOR A TARGET OF AT LEAST 12.00 THANKS FOR FOLLOWING
ENTER LONG AT 11.00 WITH STOP LOSS AT 10.70. TARGET 13.00-13.35. PROVEN TREND. 2 TRADES EXECUTED SUCCESFULLY AND PREVIOUS TARGETS MET. THIS IS MY THIRD TRADE ON THIS TREND. 2.00 USD PROFIT. 5:1 RISK/REWARD
BULLISH SUPPORT AT THE 50% FIB. MY TARGET IS STILL 13.00.
STOP LOSS AT 10.70. TARGET 13.00-13.35 RANGE
Follow the trend. we've hit the channel 7 times. Trade the 8th on a long from 11.00 to 13.00. Good Luck.
Same pattern. Stick inside the channel until we hit 13.00!!