Hello everyone
Today just a small trade-idea. Normally I search for long term patterns. Today is different, I think that there is a very nice trading-opportunity for ETH, let’s get straight in.
- The candles are attracted to this EMA Ribbon (all moving averages). If we get to far underneath or above this EMA-ribbon, we get attracted and go back to this levels like a magnet. I’m not bullish on ETH for the mid-long term because I think that we’ve not reached the bottom yet. I DO think that we’re going to see a bounce (+/- 10%) to the upside because we’re getting far away from the EMA ribbon and we've reached an important support-zone.
- stochastic RSI is curved to the upside, could implicate that we see a small bounce in short term aswell.
I’m doing a small trade here based of this two indicators, taget is 229 USD or 5%. ( to keep it more safe)
Love to hear your opinion on this!
DM's and comments are always welcome.
Leave a like if you appreciated it!
(In my related ideas you can see a idea from couple of weeks ago about my long term vision of ETH)
Today just a small trade-idea. Normally I search for long term patterns. Today is different, I think that there is a very nice trading-opportunity for ETH, let’s get straight in.
- The candles are attracted to this EMA Ribbon (all moving averages). If we get to far underneath or above this EMA-ribbon, we get attracted and go back to this levels like a magnet. I’m not bullish on ETH for the mid-long term because I think that we’ve not reached the bottom yet. I DO think that we’re going to see a bounce (+/- 10%) to the upside because we’re getting far away from the EMA ribbon and we've reached an important support-zone.
- stochastic RSI is curved to the upside, could implicate that we see a small bounce in short term aswell.
I’m doing a small trade here based of this two indicators, taget is 229 USD or 5%. ( to keep it more safe)
Love to hear your opinion on this!
DM's and comments are always welcome.
Leave a like if you appreciated it!
(In my related ideas you can see a idea from couple of weeks ago about my long term vision of ETH)
