5:1 trade opportunity on Etherium Classic

מעודכן
We have another rising wedge pattern setting up on Etherium Classic.

Reasons for sell trade:

  • Rising wedge meetings rules
  • Decrease in volume
  • Break of the RSI trend line
  • Bitcoin has similar rising wedge pattern forming


Projected stop loss and take profits targets are shown.

A move above 16.3 would invalidate this setup.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
עסקה פעילה
Breakout to downside confirmed
עסקה פעילה
Look to reduce risk now that price is moving in right direction . Can always reverse so good risk management is the key.
עסקה פעילה
I'm slowly adding limit orders to increase position size. Stops above red line to manage risk
הערה
תמונת-בזק
עסקה פעילה
Hopefully some of you added to you position when i suggested!

Rising wedge patterns in a bear market and very good to trade!
עסקה פעילה
Look to take partial profits and adjust stops to reduce risk during a trade
עסקה סגורה: הגיע לסטופ
Failed to reach profit target.

Still a great trade if you had good risk management and took partial profits as mentioned above.

Onto the next trade!
Bitcoin (Cryptocurrency)breakoutChart PatternscryptoetheriumpatternRising WedgeTrend Analysis
hedgewithcrypto

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