Buy orders should set on break out signals, above 760 level and stop orders below the bottom lines of the patterns at 650 level.
Overall the markets are looking overbought and it is recommended to buy when the market is going to retrace. If the price breaks below of these patterns, then further downward movement is expected.
Be careful and always remember to use stop-loss order in your trades!
Buy: Above 760
Partial Profit Target 802.94 & 825.67
Main profit targets: 855.05 & 1000
Stop Loss: 650
My previous trading ideas of Ethereum can be found from my trading view account and some of them are still active. (Long term trades as they are)
So feel free to check them out!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
Please be aware I am providing this trading information for your benefit and insight to my trading strategies. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing anything.
Need help or you have a question related to this trading idea?
Please, feel free to leave them down below in to the comments.
Reached our Partial profit target and target number two.
Yet to be reached is longer term target which is close to 1k.
Congratulations whoever took this trade. :) Hopefully you took some profit! :)