ETH is back to triangle
Updated
I have already tried to play the triangle down, now the market is back to its base and the plan is to play it up to 2000, there is the first target where I will fix 75%. Zooming out the graph, potentially, the movement has just started and 2000 is just a beginning.
Anyway, I treat pervious drawdown from the triangle as a bear trap, so looking for bulls to come in.
The first red flag for the scenario is 1830 break down, I would like to see the market touches or cross lightly and go up, otherwise, position should be treated with caution.
Anyway, I treat pervious drawdown from the triangle as a bear trap, so looking for bulls to come in.
The first red flag for the scenario is 1830 break down, I would like to see the market touches or cross lightly and go up, otherwise, position should be treated with caution.
Trade closed: target reached
Wow, it was super fast and super strong
Related publications
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.