EthereumShort
Ethereum (ETH) High chance of testing 215 if conditions are met.
Aggiornato
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.
Nota
RSI should not cross above 50 ideally.
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So far all conditions have been met, stop set at 224.
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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.
Nota
On track
Trade chiuso: obiettivo raggiunto
I closed most my position and moved my stop loss down to 222Trade chiuso: obiettivo raggiunto
218.61 is new stop loss, I have locked in this trade for around 2.5%.Nota
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.Nota
Yup as predicted we broke down.Nota
For now I expect recovery due to the spike in Bitmex liquidations, so Bitcoin will recover, pulling Ether along with it.Nota
Long with 1.1 risk/reward
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We should stay above 210 if this is the bottom.
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Looks like that was the bottom. I expect a second test of 210 and a push upwards.
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Short 218 level for a quick scalp with a very good risk/reward.Trade chiuso manualmente
Trade is complete. New trade will be updated.Nota
Trade attivo
Please view my new idea
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