Ok, so ETH is getting closer and closer to its trendline, which is good, because the price always needs a rest after a strong movement. And now I’m getting more comfortable with the idea of buying it again, but I still need more confirmation. If you missed our last trade, you can check it bellow, and follow me to keep in touch with my analysis and trades.
We long ETH here:
And it reached our target here:
I’m a little frustrated because I wish for a stronger pullback, but that’s ok. It is still a bull trend, and any drop in the prices can be seen as an opportunity to buy. Let’s see if the bulls will keep up. Take a look at the weekly chart:
It’s a little scary, I’ll confess, and that’s why I would like a further correction, at least back to the 38.2% fib retracement. But as I said, that’s ok, we must react to whatever the market does. The rise in volume is a good sign though.
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.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* 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. *
We long ETH here:
And it reached our target here:
I’m a little frustrated because I wish for a stronger pullback, but that’s ok. It is still a bull trend, and any drop in the prices can be seen as an opportunity to buy. Let’s see if the bulls will keep up. Take a look at the weekly chart:
It’s a little scary, I’ll confess, and that’s why I would like a further correction, at least back to the 38.2% fib retracement. But as I said, that’s ok, we must react to whatever the market does. The rise in volume is a good sign though.
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.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* 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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