Time for a quick long trade in Ethereum?
Hi traders,
Yesterday, we warned on twitter that ETH would correct but it seems that this correction could be over already. It kinda looks like a flat because we can count three seperate waves with C=A. However, this pattern can still turn out into a descending triangle (see example). Something that would result in a little more sideways action.
Eitherway we went long ETH at $ 136.22 with a stop at $ 133.90. Our minimum target is $ 146.10!
Trade well!
STOP: $ 133.90
ENTRY: $ 136.22
TARGET: $ 146.10
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Yesterday, we warned on twitter that ETH would correct but it seems that this correction could be over already. It kinda looks like a flat because we can count three seperate waves with C=A. However, this pattern can still turn out into a descending triangle (see example). Something that would result in a little more sideways action.
Eitherway we went long ETH at $ 136.22 with a stop at $ 133.90. Our minimum target is $ 146.10!
Trade well!
STOP: $ 133.90
ENTRY: $ 136.22
TARGET: $ 146.10
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Comment:
It turned out into a descending triangle. Let's go higher now!