Possible breakout on ETH
1. ETHUSDT has given a breakout after a consolidation on a one hour time frame
2. the consolidation is also forming an inverted head and shoulder pattern
3. the breakout candle is forming a flag and poll pattern.
considering all the above inference, a long trade can be initiated at the current levels for targets of 1349, 1371 and 1400 with a stop loss of 1290 which would provide an overall R:R ratio of 1:2
This is for educational purposes only
#cryptolifestyle #cryptotrading #cryptos #cryptoworld #cryptocurrency #eth #ethereum
2. the consolidation is also forming an inverted head and shoulder pattern
3. the breakout candle is forming a flag and poll pattern.
considering all the above inference, a long trade can be initiated at the current levels for targets of 1349, 1371 and 1400 with a stop loss of 1290 which would provide an overall R:R ratio of 1:2
This is for educational purposes only
#cryptolifestyle #cryptotrading #cryptos #cryptoworld #cryptocurrency #eth #ethereum
Transaction en cours
Target 1 hit, however if Stop loss was trailed to entry price, SL would have hit.if we haven't trailed SL, then the trade is still active from a swing trade prospective as initial stop loss is still active
Trade fermée: ordre d’arrêt atteint
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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.