ETH levels, trend lines & perspectives. Target still the moon?

13 thg 8, 2017

In the area of the yellow rectangle we
have an interesting combination.

There meet:
• Arrow of current down movement
• Trend line of the current trend
• 0.5 of last bearish swing with

Price can there bounce back to higher highs.
If it breaks next bearish target is $250-240.

At the moment I expect that we will hit $280-270.
After the weekend the volume will increase again and price will follow upwards.

I think $280-270 range will get busy and a lot people will go long.

If we touch $280 I will go long again.
Tight stop loss at $266 (≈5% loss).
Target: 1. $325 (RR ≈3.2) / 2. $340 (RR ≈4.3) / 3. $360 (RR ≈5.7)

Let´s see how this will work.
No risk no fun. And of course someone must buy to get this baby back on track. ;)

This is no recommendation.
It´s just my personal result of my analysis.
Do your own research.

Comments / opinions most welcome!

15 thg 8, 2017

Ghi chú

Still same idea / target.
If I were long and still be in the profit zone, at least now I would think about to go short to safe profits.

15 thg 8, 2017

Ghi chú

Possible bigger dip is coming.
BTC is also shaking massive with > $200 jump.

I want to be on the safe side and do not buy before a bigger rebounce and multiple confirmations of holding the uptrend line.

This means that I do not buy instantly if my predefined target is touched.

15 thg 8, 2017

Ghi chú

#nobuy

Remember:

15 thg 8, 2017

Giao dịch đang hoạt động

Bullish / buy signal in 1h chart.
I am long!

Target: 1. $325 (RR ≈3.2) / 2. $340 (RR ≈4.3) / 3. $360 (RR ≈5.7)
Tight stop loss at $266 (≈5% loss).