5:1 trade opportunity on Etherium Classic
We have another rising wedge pattern setting up on Etherium Classic.
Reasons for sell trade:
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.
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.
Transaction en cours
Breakout to downside confirmedTransaction en cours
Look to reduce risk now that price is moving in right direction . Can always reverse so good risk management is the key.Transaction en cours
I'm slowly adding limit orders to increase position size. Stops above red line to manage riskNote
Transaction en cours
Hopefully some of you added to you position when i suggested!Rising wedge patterns in a bear market and very good to trade!
Transaction en cours
Look to take partial profits and adjust stops to reduce risk during a tradeTrade fermée: ordre d’arrêt atteint
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!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.