Long ETHUSD, excellent risk reward trade

18 Tem 2018

Long ETHUSD at current levels ($498) post the recent long consolidation. ETH has been a laggard recently due to multiple concerns. But I think the current setup presents an excellent risk:reward potential to get long. Would buy here, looking for a stop if the breakout at $500 fails, cutting the position at $450. But on the upside, would take half off at $560 and letting balance run a bit longer. I believe that should the recent nascent rebound continue in Crypto, Ethereum will see a much sharper bounce as ICOs in general pick up once again significantly and institutional money also looks to buy the big cap names of this space.

31 Tem 2018

İşlem kapandı: durdurma seviyesi

Cutting as $450 is given. BTC strength refusing to trickle down into rest of the complex for now so will sit on the sidelines.