After taking good profits from our short trade posted yesterday. We are now bull flagging on the longer TF's, we are therefore long and strong ETH from 3350
Our targets for the trade are the previous ATH then up to 6690 max target within our current price analysis.
ETH has been following our previous structure well.
Having taking profits last night, we are now looking to re-enter short.
Price is at mid-line resistance with bullish trend exhaustion showing on lower lower TF's.
We enter short with S/L at 3605 and Tgt of 3150.
It looks like we have a diamond top formation playing out for Ethereum at the moment, and as such, can expect to see a correction. A pullback to the EMAs, whether that means pinning them or pulling them all tightly together, seems like a probable outcome to me. I'm leaning towards a tightening of the EMAs being the most probable outcome, followed by a new set of...
A Trading Signal is seen in the ETHUSD
Traders can open their Sell Trades NOW
⬇️ Sell on 1646.0 or Sell
on uptrend breakdown
⭕️SL on downtrend breakout
🔵TP1 @ 1523.0
🔵TP2 @ 1444.0
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Eth testing the boundaries of this triangle. See all my trades in my Trading Journal for free at www.lucidtraders.com Eth has been dropping for days, I hope you guys have been taking advantage of these nice moves. Eth could pull back short term breaking out of this recent triangle and hit 160 again. If not we could be testing the recent low...
Eth has pushed past recent support and dropped around 5%. we could see a trumpery pullback to resistance at 179 before continuing in the down trend to 160, if this trend continues. If you enjoy these charts please leave some feed back and give us some thumbs. Give my trading journal a view by visiting and registering free on Lucid Traders at...
Eth squeezing through this triangle with tight EMAs coming together. OBV has been falling for a while and is also hitting a tight spot. See all my recent trades in my trading journal at www.lucidtraders.com where traders share all. I'm anticipating a strong move in either direction, though OBV is suggesting a Bearish move as we look at its...