ETHUSD is most likely preparing for at least a decent ($100+) bounce, due to these reasons -
Target - 50% retracement of those 5 waves.
Stop loss around $450.
- - We have most likely finished 5 waves down of something bigger,
- We are hovering right above upward trending HnS target (drawn by the channel)
- Right under that channel, we have a log longterm trendline support as well.
Target - 50% retracement of those 5 waves.
Stop loss around $450.
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The longterm logarithmic chart support line that I was talking about above (red line).
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And if we zoom in: İşlem aktif
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Both the trendline and the channel have failed to perform as well as I expected. The price is still hanging around their boundaries and we still most likely will see some upside movement currently but now my plan is to take 50% profit at $530s, setting a stop loss at the new, lower BE and then hold out the other 50% of the trade till $620s-$640s (50% retracement of the 5 waves shown above). Also, yesterday I almost got stopped out (the price bounced literally $0.1 away from the stop loss) and to be honest this price action is not very comfortable to be in a trade now, I might have rushed into the trade too early.
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Correction - the channel has FAILED to do anything at all, while the longterm log trendline is doing meh at the moment.Not
Scratch selling 50% of the long at $530, selling only 25-30% there.Not
A good idea is to take part of the profit here @$530 (30 or 50% of the trade amount), putting stop loss either at $480 or your new BE for the rest. Next targets $580s and $620s.Not
Got stopped out, Next support zone where I will enter long (if we reach there of course) is $370 (the equal leg area on recent EWs count) and $340s (an important longterm log trendline area).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.