Vanilladelphia
Long

Just some lines on a chart

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Still in an uptrend here.
Keep an eye on the green line for price action, major resistance trendline .

farewell,
vanilladelphia.eth
Comment: Bit of an update here.


The orange line seems to have broken down. The green line is still a good long opportunity, but it seems the timeline has increased a bit.

If you are getting in early, I think a safe SL would be 195. If the price breaks any lower than that this would be invalidated.

Farewell and stay safe traders,
Vanilladelphia.eth
Comment: long target orange line, SL Beige
Trade active: As expected, when the green trendline was broken, a breakout began. target red line.
Comment: The orange trend line has proven to be good support in the recent past. If price closes convincingly below that line look to re-evaluate long positions.
Trade closed: target reached: It seems as if the red line has now become support. Hopefully your trades aligned with mine. If they did, congradulations! Make sure to check out My other ideas, and please leave a follow.

as far as where price is going next, check out this Idea on the longer timeframe
Farewell and stay safe fellow traders,
Vanilladelphia.eth

Comments

Here is what I will be monitoring at the moment
+1 Reply
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