Unfortunately I was out so did not publish this in time.
STOP - 129.97
Target - 122.01 (Sold 30% of my position there, fully closed at the 117 support level)
ETH has been great to short recently. The target was 122 but it hit the 117 support, which was my real target for over performance. Interesting to see what happens next, only a matter of time before...
Entry - 143.44
STOP - 135.97
Full Target - 186.86
My entry was 147.12. So far it has reached the 2nd interim. Currently I am sceptical of the pattern reaching full target as it forms a rising wedge. We shall see what happens next.
STOP - 4083.5
Full Target - 2755.7
I was too inpatient with my previous idea and did not let the pattern form fully.
I have also published an idea for a potential move up.
STOP - 3850
Full Target - 4656
I am bias towards the macro bear but BTCUSD Longs have been going up, as opposed to BTCUSD Shorts falling during the formation of this pattern.
I have also published an idea for a potential move down.
Right now we can see that there is a C&H pattern. Hopefully when it breaks out this will lead to the formation of an even bigger C&H.
To get the price target of a C&H pattern you add the height of the cup to the breakout point of the handle. If this plays out, you can estimate for yourself the target of the larger C&H... it will be glorious.
ICX is love, ICX is life <3
