majorlee

Ethereum Long with Cup and Handle pattern [BTFD]

Long
majorlee Updated   
POLONIEX:ETHUSDT   Ethereum / Tether USD
Few cup and handles formations on major USDT pairs

ETH has come right up to test highs of roughly $840

previous TA says bounce at $775 but if we go down more with bitcoin price action then we could hit low $730 area for a good long position heading towards high $970's

aggressive traders can look to buy at the bottom of the handle or $775 and more cautious traders can come in after the neckline has been broken if you prefer

markets look good and bullish while bitcoin fights it way to previous highs of 11800 area, dont get caught out tho, use a good stoploss ALWAYS!

any Q's? plz join our chat group, link in my profile settings or below
Trade active:
nearly at the fib level now


Waiting for trend to be broken upwards for confirmation of entry...
Aggressive buys at the fib bounce
Trade active:

further lows
Trade active:

trend broken, trade entered
Trade closed: stop reached:
closed out due to bitcoin price action

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.