ECT paving the way for DASH to $5600

13 thg 7, 2021

I love finding leaders and lagers and this seems like a perfect example. Its easy to see the similarities in these charts- they're not exactly the same but wow are they close. The last time I noticed something like this BTC had just hit 20k while ETH was still at $500 (see below). Just like BTC was leading the way then; it looks like ECT might be leading DASH (& others) now. The ball's in your court.

There are a few way to tackle this trade;
Entry 1: here $125 - $131
Stop 1: tight $124.5 or loose $120 depending on how aggressive you want to be

Entry 2: on retest of breakout
Stop 2: below the retest pivot

Entry 3: on a test of the lower trend line
Stop 3: below the pivot at the trend line or on the break and close below trend line

Entry 4: on retest of breakout
Stop 4: below the retest pivot

Target for all of the above at your own discretion. I'm treating this as an entry for a longer term position; so I'm holding it for much higher prices.

Trade ideas:


BTC leading ETH:

Never Trust. Verify.
D.Y.O.R. Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.

13 thg 7, 2021

Ghi chú

I love that I can't edit my posts later when I see a typo 😂 😂 damn. ETC not ECT!