Ethereum (ETH), Fractal indicating major drop incoming!

٨ يناير ٢٠١٩

As many have noticed, we broke down from a major rising wedge yesterday on Ethereum. That along with the loss in bull momentum could mean we will have a similar outcome as shown in the fractal here.

٩ يناير ٢٠١٩

ملاحظة

ETH testing the 4hr 50EMA for the third time now. Needs to remain above it to stay short term bullish.

١٠ يناير ٢٠١٩

تم فتح الصفقة

And there we go! Dropped perfectly as predicted, very nice 10% trade from entry. This has hit my first TP at $139.

١٠ يناير ٢٠١٩

ملاحظة

Update on Fractal idea, although the drop can usually be predicted from historic patterns as shown in this idea, the correction and descent rarely matches to a previous fractal therefore I would not rely on this to trade.

١٩ يناير ٢٠١٩

أغلقت الصفقة: تم الوصول للهدف

Trade closed.
TP 1: $125
TP 2: $121