ETHUSD has turned from the equal leg area and my long from 530.00 is now in the money with stop raised to 506.30 for a swing trade (4h time frame).
From 506.30 low, ETHUS has reached equal leg area where market will decide whether the cycle from the low is completed (red -3- in place at current level or marginal new high and green 1 in place as well) or if price continues to push higher/
This is why I would not recommend to buy or sell at current levels in the 1h.
Those not long from lower, would wait the red -x- to develop to buy green 2.
Invalidation level to the upside is 506.30 in 1h
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 04/06/2018-10/06/2018, I propose NEOUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
From 506.30 low, ETHUS has reached equal leg area where market will decide whether the cycle from the low is completed (red -3- in place at current level or marginal new high and green 1 in place as well) or if price continues to push higher/
This is why I would not recommend to buy or sell at current levels in the 1h.
Those not long from lower, would wait the red -x- to develop to buy green 2.
Invalidation level to the upside is 506.30 in 1h
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 04/06/2018-10/06/2018, I propose NEOUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Trade active:
Target for this trade
Comment:
ETHUSD is very clear, one of the clearest in every time frame. Big hopes on this trade. But caution is you jump in now (risk and stop management)
Comment:
I'll keep pushing ETHUSD higher but does not mean that I'm buying every levels mentioned. For now, no setup as said yesterday
