ETH - I'm out, so time to go fish?
* Remember to support with LIKE and FOLLOW me for more analysis *
Yesterday I sold my whole position in ETHUSD, after it gave me almost 10% profits, as you can see in my last analysis. Last analysis:
As you can see, the bearish engulf didn’t happen, and ETHUSD may moves sideways now, taking a rest for the next move. It will be up or down? I don’t know, and I’ll need more information to make another decision here. As I said, I’m out right now. I still maintain my positions in BTCUSD and LTCUSD though. Check my profile to learn more about my recent operations. Link to my profile:
tradingview.com/u/Nathan_Black/
Now, let’s look at the hourly chart:
The price falsely breakout the pink line, which served as a support in the past, and now it’s moving sideways. The bulls will reappear if the price closes above the U$ 200 (blue line). But be careful, we are in a resistance zone here!
If you are in ETH right now, it’s time to manage your position. If you are out, just like me, we need to be patient. There’ll’ always be more opportunities.
Be safe, fellow traders.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Daily analysis;
- 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. *
Yesterday I sold my whole position in ETHUSD, after it gave me almost 10% profits, as you can see in my last analysis. Last analysis:
As you can see, the bearish engulf didn’t happen, and ETHUSD may moves sideways now, taking a rest for the next move. It will be up or down? I don’t know, and I’ll need more information to make another decision here. As I said, I’m out right now. I still maintain my positions in BTCUSD and LTCUSD though. Check my profile to learn more about my recent operations. Link to my profile:
tradingview.com/u/Nathan_Black/
Now, let’s look at the hourly chart:
The price falsely breakout the pink line, which served as a support in the past, and now it’s moving sideways. The bulls will reappear if the price closes above the U$ 200 (blue line). But be careful, we are in a resistance zone here!
If you are in ETH right now, it’s time to manage your position. If you are out, just like me, we need to be patient. There’ll’ always be more opportunities.
Be safe, fellow traders.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Daily analysis;
- 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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