Ethereum (ETH) High chance of testing 215 if conditions are met.
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This idea is a little bit different, and will be looking at the smaller timeframes. So far Ethereum seems to be weakening and failed to push higher. I can see it drop around 3%, which would make it a good scalp. Currently waiting for confirmation.
On the 5 min timeframe, Ethereum dropped below the cloud following a bearish TK cross and now has successfully tested resistance. If we fail to break through and get another William Fractal, it is a short signal.
Short:
221 USD
Take Profit:
215 USD
Stop loss:
If we push above 222 and trade within it for some time, get out. Alternatively, you may set a stop at 224.
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On the 5 min timeframe, Ethereum dropped below the cloud following a bearish TK cross and now has successfully tested resistance. If we fail to break through and get another William Fractal, it is a short signal.
Short:
221 USD
Take Profit:
215 USD
Stop loss:
If we push above 222 and trade within it for some time, get out. Alternatively, you may set a stop at 224.
Thanks for viewing! I appreciate all the comments and reply instantly.
Ghi chú
RSI should not cross above 50 ideally.
Ghi chú
So far all conditions have been met, stop set at 224.
Ghi chú
Stop moved down to entry price of 223. If once we hit target, set a stop to lock in profits and then wait, as BTC could break down 48 hours.
Ghi chú
On track
Đóng lệnh: đạt mục tiêu
I closed most my position and moved my stop loss down to 222Đóng lệnh: đạt mục tiêu
218.61 is new stop loss, I have locked in this trade for around 2.5%.Ghi chú
By the way, I expect ETH to breakdown, so I will add if that does occur. I think we will form new lows along with Bitcoin.Ghi chú
Yup as predicted we broke down.Ghi chú
For now I expect recovery due to the spike in Bitmex liquidations, so Bitcoin will recover, pulling Ether along with it.Ghi chú
Long with 1.1 risk/reward
Ghi chú
We should stay above 210 if this is the bottom.
Ghi chú
Looks like that was the bottom. I expect a second test of 210 and a push upwards.
Ghi chú
Short 218 level for a quick scalp with a very good risk/reward.Giao dịch được đóng thủ công
Trade is complete. New trade will be updated.Ghi chú
Giao dịch đang hoạt động
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