indiandave

indiandave Updated 

In a ETHUSD leveraged long. While BTC has reached the target of its triangle breakout, ETH has not. Hope I am not being greedy here. Comments welcome. Critiques even more!

indiandave

We broke out of triangle and I think 22K is the area to take profit - particularly if you have a leveraged long. I did not quite manage that and I took profits along the way too. Now we could still go up to 22.5K but it might be prudent to close all leveraged positions and hope that you can refill them in the 20K - 20.5k area.

indiandave

The target, 19.4K was reached before I could publish this! Not a very clear inverse H & S with the right shoulder not really forming properly. We also appear to have broken out of a descending channel with a target of approximately 20K.