EthereumLong
*******Ethereum Weekly Cypher - Case for long entry***********
ETH has showed rejection at a weekly cypher pattern and also tested a monthly support zone
Looking for initial targets at a re-test of the highs gives us a nice RR for position 1, and for the more aggressive you can aim for extended targets with a 2nd position
Stops ticked below the monthly support
Personally I have entered and bought more Ethereum and have used this as entry into a longer term investment (5-10 years) but have shown potential targets for a shorter duration exit
Looking for initial targets at a re-test of the highs gives us a nice RR for position 1, and for the more aggressive you can aim for extended targets with a 2nd position
Stops ticked below the monthly support
Personally I have entered and bought more Ethereum and have used this as entry into a longer term investment (5-10 years) but have shown potential targets for a shorter duration exit
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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.
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.