Ethereum Breaks Ascending Triangle - Long Position

13 Nis 2021

- Ethereum breaks ascending triangle suggesting an upwards breakout.
- Supply of Ethereum on exchanges continues to fall on exchanges. The current token supply on exchanges is around ~20% which is a 2 year low suggesting weakening bears. (See Source)
- Buy zone $2,000 - $2,100.

Source:
twitter.com/santimentfeed/status/1373497148055126016
t.co/SowKiMpSac?amp=1

13 Nis 2021

İşlem aktif

A strong push above the ascending triangle. Positive news cycle with Mastercard, UBS, and JPMorgan investing into the Ethereum developer ConsenSys.

18 Nis 2021

Yorum

Support at $2000 - $2050 being tested - hold the position.

22 Nis 2021

Yorum

All-time high being tested, currently at ~25% ROI from entry, look to take some profits.

29 Nis 2021

İşlem kapandı: hedefe ulaştı

Resistance at $2750 reached. Take a close position, as bitcoin is struggling currently at 55K and appears bearish take profits in USD. ROI on trade = $2750/2000 = 37.5%.

21 May 2021

Yorum

Disclaimer: Cryptocurrency trading/investing involves a substantial risk of financial loss. The information provided here is simply a fun log to share my personal ideas and opinions. You should not make any decision, financial, investment, trading or otherwise, based on any of the information here. Anyone wishing to invest should seek his or her own independent financial or professional advice. Do not invest money you are not willing to lose.