ETHEREUM HITS HEAD & SHOULDERS TARGET, NEXT TRADE!
In yesterday's video post, I spotted a head and shoulders pattern that was breaking the neckline as I was recording the video. That short trade ended up being very profitable, going from $2118 to $2006, a move of more than 5%.
The two areas for potential trades are the 200MAs @ $2090 for a potential short and the 61.8 Fib @ 1980 for a potential long. As always, we will need to wait for candlestick , price action, and volume confirmation, as well as any chart patterns, before we enter into a trade. I do not blindly place orders in those zones without first seeing confirmation.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
The two areas for potential trades are the 200MAs @ $2090 for a potential short and the 61.8 Fib @ 1980 for a potential long. As always, we will need to wait for candlestick , price action, and volume confirmation, as well as any chart patterns, before we enter into a trade. I do not blindly place orders in those zones without first seeing confirmation.
Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Check out my daily videos for more in-depth technical analysis and trade setups for Bitcoin, Ethereum, and Altcoins.
Why follow?
1. Community of Technical Analysts sharing analysis and trades
2. Live tracking of whale wallet movements
3. Live update of the latest important news
4. Live syncing of popular crypto tweets
5. Ebook covering how to be profitable in the cryptocurrency market
As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!