ETH/USD Neutral Scenario
Hello,
Anticipating ETH/USD to complete one, of two things. Now I highly understand how individuals look for a binary trade, one option, instead of two but here me out.
Scenario #1
My first scenario is a bullish continuation trade. Given the sentiment of BTC, as well as other correlating currencies, a continuation trend can be expected, but now we have to identify an entry. Once price, should this scenario happen, break our monthly trendline the entry will be a retest of the trendline. My conservative target profit will be the previous respected zone 360 zone.
Scenario #2
Our second scenario is a retest of hour respected monthly trend line, once we see a clean retest, we can await a rally touching the 480 zone.
I'll make sure to update you guys on which scenario is executed
I am looking for confirmation to enter this trade due to the confluence embellished in technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.
Thanks,
Trade Wisely
Anticipating ETH/USD to complete one, of two things. Now I highly understand how individuals look for a binary trade, one option, instead of two but here me out.
Scenario #1
My first scenario is a bullish continuation trade. Given the sentiment of BTC, as well as other correlating currencies, a continuation trend can be expected, but now we have to identify an entry. Once price, should this scenario happen, break our monthly trendline the entry will be a retest of the trendline. My conservative target profit will be the previous respected zone 360 zone.
Scenario #2
Our second scenario is a retest of hour respected monthly trend line, once we see a clean retest, we can await a rally touching the 480 zone.
I'll make sure to update you guys on which scenario is executed
I am looking for confirmation to enter this trade due to the confluence embellished in technical analysis above. Upon receiving that confirmation, I will then look for a better entry on a lower time frame; thus allowing me to minimize risk. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.
Thanks,
Trade Wisely
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