HOLD | Current: $211.72
LONG Entry: $219 | Target: $233 | Stop Loss: $210
SHORT Entry: $207.50 | Target: $199| Stop Loss: $214
Wait before making a trade! ETH is expected to be volatile - don’t buy or sell before we reach an entry price!
We will update this trade each time it hits an entry, target, or stop loss price. To get notified, leave a comment on this thread!
We’ve closed our ETH LONG from $183 and are now looking at a conditional opportunity. The 12 hour stochastics suggest the trend may be overbought and overextended as price has come into major resistance here. Let’s wait for the range to break before entering.
LONG (already triggered) | Current: $198.40
LONG Entry: $183 | Target: $210 | Stop Loss: $188
Ethereum has been pumping through resistances! The momentum is strong so we are looking for the next level of resistance above. Ethereum is likely to slow down and reverse between $208 and $212 as it is a highly traded price.
LONG (already triggered) | Current: $184.87
LONG Entry: $183 | Target: $188 - $190 | Stop Loss: $179
Our longs triggered at $183 on the range break! Now we ride them into our target and first resistance stop at $190.
HOLD | Current: $181.00
SHORT Entry: $178 | Target: $165 - $168 | Stop Loss: $180
Ethereum bollinger bands are getting tight and an explosive move is coming! Given the tight range ETH has been trading between $178 and $183, we will wait for a break to either direction before entering a trade.
Ethereum has recently broken out of its downtrend (yellow line) and below $178 it may decline back to test support between $165 - $168. However, if ETH continues the positive trend and breaks $183 it may go as high as $188 - $190.