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FX_CouchPotato
3. Jan. 2018 23:31

ETHEREUM breakout, Possible ABCD pattern forming Short

Ethereum / DollarBitfinex

Beschreibung

COINBASE:ETHUSD

Ok, so ETH had a breakout at point X, the first thing what we can expect considering it's current price action is a formation of ABCD pattern with completion at around 985 area, followed by a correction towards support line. My strategy will be as follows, I'll wait until price tests supposed point D price level after that I'll will enter short with tight stops targeting support line, let's see how it goes.

Kommentar

ABCD pattern completed

Trade ist aktiv

Entering short
s\l 1031
t\p 800

Trade geschlossen: Stop wurde erreicht

Kommentare
TheGush
Are you basing expected support off of the trend line there?
FX_CouchPotato
@TheGush, Exactly like that
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