BULLSEYE! - Another mission complete.
As we warned, ETH did a remarkable movement. On April 21 it did a Harami-cross pattern, near 21 ema, above an upward trendline and above the 38.2% fib retracement. That’s what we can call obvious trade. The trade was triggered on April 22, and if you missed it, check my analysis here:
Today, it reached exactly on our main target, the 61.8 fib retracement. Congratulations for those who did catch this trade. If you didn’t sell your position yet, I think now is the best time.
And now? Just wait. Patience is our greatest tool. ETH have a few supports here, look at the black line (previous top), purple line (upward trendline) and the 21 ema. The price can go all the way down there without spoil the upward trend. When it reaches there, we may buy again.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Today, it reached exactly on our main target, the 61.8 fib retracement. Congratulations for those who did catch this trade. If you didn’t sell your position yet, I think now is the best time.
And now? Just wait. Patience is our greatest tool. ETH have a few supports here, look at the black line (previous top), purple line (upward trendline) and the 21 ema. The price can go all the way down there without spoil the upward trend. When it reaches there, we may buy again.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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