Nathan_Black

ETH - What to do now?

COINBASE:ETHUSD   Ethereum
ETHUSD gave us a nice trade recently, almost 10% profit, and now is going even higher. If you missed my last call on ETH check here and follow me for more updates.

Last call:


Unlike I did with BTC and LTC, I sold my entire position on ETH 2 days ago, accordingly to my technique, the main reason is because it lost (falsely) the previous bottom at the hourly chart. Check it here:


But that’s ok, it was a nice trade. Check my profile for more details on our trade in BTC and LTC by the way.

Now, we see that ETH just reached the 61.8% fib retracement, and in the hourly chart is doing some weird moves. Let’s see:


If I still was in the trade, I definitely would take my profits now. Be safe my friends, and let’s wait for the next move. Patiently, like a sniper!

Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.

Thank you very much.

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* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *

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