Ethereum : Long Setup

Updated

I waited too long to get position from below but I missed it )
I also waited for a close above the trend line. (1W)

When we look at the terminal related Major Cryptocurrencies :

snapshot

We see Ripple and Ethereum stand out.
They are being discounted.
Blockchain data change is also nice.

We will examine the other Cryptocurrencies later.

I think it is necessary to be in the game because it contains a valuable Risk / Reward ratio.
This analysis will be more risk free with the following parameters :

  • Position Size : %1 or Small Percent of Crypto Portfolio ( %10 - %15 )

  • Risk/Reward Ratio : 1 / 2.63

  • Stop-Loss : 140.95

  • Goal : 236.61


Regards.
Trade closed: target reached
Target Reached with %41.45 net profit !
We are on Fibonacci 0.500 Retracement Level.
And Fibo 0.618 Level is = 271.46
Comment
It is likely to be seen at those levels. (My Opinion : Over %70 Possibility)
I close trade here to avoid adding later information.
Comment
That's enough for 2nd wave.
At least i wanted to give info , Bitcoin nearly 0.618 so let's sell and wait status over-under Resistance.
Comment
271.45 already seen today too (y)
Regards ))
cryptoCryptocurrencycryptosignalsETHEthereum (Cryptocurrency)ETHUSDTechnical IndicatorssignalsSupport and ResistanceterminalTrend Analysis

Related publications

Disclaimer