ETH FALLING WEDGE POPPED. PATIENCE!! WAIT FOR THE TURBO LONG!!
I have had my eyes on ETH/USD, as it was climbing inside the rising wedge shown above.
Well... It finally popped!
Bearish mode is now enabled.
Bearish trend will not last long, therefore, I did not short.
& I dont recommend my followers to short either.
In my opinion, the better opportunity here is to wait for the Long.
Let me tell you, Patience is a virtue. Especially with trading.
These levels look enticing, I know.
But do not rush a long entry just yet.
Wait for full retrace to play out.
I expected a further drop into the potential buy zone entry 1
starting at just around 179-173 roughly.
Im looking for a bounce off the 50 & 100 MA as they inch upon crossing, this is KEY!!
This would be a perfect point for a nice reversal wick to push a turbo long on.
I did NOT include a direct signal on this post just *YET*,
But I did want to show my 5 loyal followers what I am eyeing currently.
These are important levels, and money will be made when the time is right.
I WILL UPDATE DIRECT SIGNAL WHEN THE AREAS ARE HIT
AND I AM READY TO TURBO LONG :D
The final support I have shown, which I do not think is very likely, is the triple bottom situation.
This would mean a full blown retrace down to the green support zone shown.
Doubtful, but as a strong trader, its good for us to note these areas.
STAY TUNED. WILL UPDATE WHEN TO TURBO LONG THIS MF!!
WE DONT HIT STOP LOSSES, WE HIT TARGETS!
LL <3 XSR
Well... It finally popped!
Bearish mode is now enabled.
Bearish trend will not last long, therefore, I did not short.
& I dont recommend my followers to short either.
In my opinion, the better opportunity here is to wait for the Long.
Let me tell you, Patience is a virtue. Especially with trading.
These levels look enticing, I know.
But do not rush a long entry just yet.
Wait for full retrace to play out.
I expected a further drop into the potential buy zone entry 1
starting at just around 179-173 roughly.
Im looking for a bounce off the 50 & 100 MA as they inch upon crossing, this is KEY!!
This would be a perfect point for a nice reversal wick to push a turbo long on.
I did NOT include a direct signal on this post just *YET*,
But I did want to show my 5 loyal followers what I am eyeing currently.
These are important levels, and money will be made when the time is right.
I WILL UPDATE DIRECT SIGNAL WHEN THE AREAS ARE HIT
AND I AM READY TO TURBO LONG :D
The final support I have shown, which I do not think is very likely, is the triple bottom situation.
This would mean a full blown retrace down to the green support zone shown.
Doubtful, but as a strong trader, its good for us to note these areas.
STAY TUNED. WILL UPDATE WHEN TO TURBO LONG THIS MF!!
WE DONT HIT STOP LOSSES, WE HIT TARGETS!
LL <3 XSR
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.