Hello everyone, if you like the idea, you can support with a like and a follow.
My current trading setup for ETH.
I am keeping it simple for this trade, just riding the trend and looking the 12H and 1D candles, everything strong for now.
Using fibs from the last high to our new low.
Taking most of my profits on target 1(0.618) and the rest of them on target 2(0.786)
4H MA50 is a great support.
1H MA200 also great support.
Possible scenario for now is that we see a sideways action on the price on region that we are in until the MA catch up. Otherwise if we continue to 0.618 we can see a sideways action between the 0.5 and 0.618 levels.
BUT there is always a possibility that thinks go south, so be on alert if..
A break and a closure on 12H of the white trendline occurs.
A candle closes below 0.382.
12H MA50 breaks and candle closes below.
Also something to mention that it stinks a bit to me is the constant downtrend of the CIDI indicator while the price is in constant uptrend.
Don't forget to protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !
My current trading setup for ETH.
I am keeping it simple for this trade, just riding the trend and looking the 12H and 1D candles, everything strong for now.
Using fibs from the last high to our new low.
Taking most of my profits on target 1(0.618) and the rest of them on target 2(0.786)
4H MA50 is a great support.
1H MA200 also great support.
Possible scenario for now is that we see a sideways action on the price on region that we are in until the MA catch up. Otherwise if we continue to 0.618 we can see a sideways action between the 0.5 and 0.618 levels.
BUT there is always a possibility that thinks go south, so be on alert if..
A break and a closure on 12H of the white trendline occurs.
A candle closes below 0.382.
12H MA50 breaks and candle closes below.
Also something to mention that it stinks a bit to me is the constant downtrend of the CIDI indicator while the price is in constant uptrend.
Don't forget to protect yourself with proper Risk Management.
Information provided is only educational and should not be used to take action in the market !
Feel free to ask anything in the comments or send me a message !
Thank you for reading my post, have a great day !