Hello,
This is a multi scenario ethereum trading analysis.
We have 3 scenarios. Based on where the price moves we can try to predict ethereum's price. If ethereum breaks the ascending triangle, then the cup and handle would be invalidated, and the channel will be in play.
If we break the channel, it's a bear scenario. It's a very simple and easy trade to make.
This is a multi scenario ethereum trading analysis.
We have 3 scenarios. Based on where the price moves we can try to predict ethereum's price. If ethereum breaks the ascending triangle, then the cup and handle would be invalidated, and the channel will be in play.
If we break the channel, it's a bear scenario. It's a very simple and easy trade to make.
Nota
My strategy:I already have a position. I'll wait to see if the first line of support breaks ( the ascending triangle). If it doesn't great, we're going up and I do another chart to project target.
If it breaks, I will initiate a short towards the channel's support line. I will buy back near this line. If this line fails, I will re initiate a short towards bear targets.
Not very hard!
Nota
The signal to short. Off course you should be awake by that time to pull a bitmex short. But, projected bounce on next resistance. If not, we continue going downwards and resume our bear market
Nota
That's the beauty of these kind of ideas, now we know we are in a prolonged bear market
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.