Discover more from Stewdamus' Chart Analysis & Trade Alerts
TRADE ALERT - LONG ETHEREUM
#eth #ethereum #altcoins #bullishsetup #tradealert #longsetup
We have what appears to be an inverse H&S pattern playing out. The right shoulder still has not completely formed, so this is admittedly an early entry and more risky. But with Bitcoin holding its supports nicely for over a week among other positive indicators, I'll take my chances here.
I bought at the 50 day ma for $1,837. The R/R is 3.37. Final shorter term target is at least 2313.70 (there is a much higher target for that Adam & Eve or some see a C&H pattern) at which point I may only sell half. Of course, I'll be raising my stops along the way. My SL will be some short distance below the 200 day ma.
⛓️ 🔗 Important Links 🔗 ⛓️