Eth is in a chop zone but it is making these green spikes that look like they would be profitable to fade.
Looking at fading a spike from the top of the triangle with an initial target at 401 for about a 1:1 RR and a possible additional target at 3 RR.
The 3 RR target is dependent on BTC also dumping. If it does not dump then I will probably take everything off the table at 1 RR.
This is a short term scalp. I am bullish on longer time frames.
Looking at fading a spike from the top of the triangle with an initial target at 401 for about a 1:1 RR and a possible additional target at 3 RR.
The 3 RR target is dependent on BTC also dumping. If it does not dump then I will probably take everything off the table at 1 RR.
This is a short term scalp. I am bullish on longer time frames.
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.
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.