ETHUSD EthereumDollar
3 BUY POINTS:
Looks like it's backing and filling back to 472 where it can be
bought with stops below 470 for small loss if wrong.
It can alsio be bought - if the above fails - at 463 if touched
with stops below the longr term trend line, which should hold
any further weakness, if we see it develop that way.
It's actually forming a large flag, shown on chart, which could
yet have a very bullish outcome. But we trade with the chart
and not our hearts....try to be as robotic in trading actions as
possible. Not easy sometimes, and sometimes it is.
So stick an order in at 472 with stops below 470 and if it gets
taken look to buy again from 463/long term trend line.
Otherwise the final option is to buy/increase on a break of
the upper parallel that denotes the flag. That, providing it
doesn't fail on any retest, would be very bullish - follow it
with stops below 480
3 BUY POINTS:
Looks like it's backing and filling back to 472 where it can be
bought with stops below 470 for small loss if wrong.
It can alsio be bought - if the above fails - at 463 if touched
with stops below the longr term trend line, which should hold
any further weakness, if we see it develop that way.
It's actually forming a large flag, shown on chart, which could
yet have a very bullish outcome. But we trade with the chart
and not our hearts....try to be as robotic in trading actions as
possible. Not easy sometimes, and sometimes it is.
So stick an order in at 472 with stops below 470 and if it gets
taken look to buy again from 463/long term trend line.
Otherwise the final option is to buy/increase on a break of
the upper parallel that denotes the flag. That, providing it
doesn't fail on any retest, would be very bullish - follow it
with stops below 480
Komen:
So this dropped below 470 and created a 3/4 point loss before finding support at the second buy point at 463, since when it's been pushing higher and building support off the blue lines pertty much. Now it's approachng the upper parallel of this potential flag...to push through here with some volume/increased interest at this point would be very bullish and if we see it look to increase longs there with stops under what could still be an imaginary line...only time will tell us that answer. But if you see the break and it looks good, follow it or wait for a successful retest of the parallel if preferred method of trading - sometimes it happens so fast that it's difficult to enter and sometimes it comes back for you...there is no perfect catch-all here.
