ETH FALLING WEDGE POPPED. PATIENCE!! WAIT FOR THE TURBO LONG!!
I have had my eyes on ETH/USD, as it was climbing inside the rising wedge shown above.
Well... It finally popped!
Bearish mode is now enabled.
Bearish trend will not last long, therefore, I did not short.
& I dont recommend my followers to short either.
In my opinion, the better opportunity here is to wait for the Long.
Let me tell you, Patience is a virtue. Especially with trading.
These levels look enticing, I know.
But do not rush a long entry just yet.
Wait for full retrace to play out.
I expected a further drop into the potential buy zone entry 1
starting at just around 179-173 roughly.
Im looking for a bounce off the 50 & 100 MA as they inch upon crossing, this is KEY!!
This would be a perfect point for a nice reversal wick to push a turbo long on.
I did NOT include a direct signal on this post just *YET*,
But I did want to show my 5 loyal followers what I am eyeing currently.
These are important levels, and money will be made when the time is right.
I WILL UPDATE DIRECT SIGNAL WHEN THE AREAS ARE HIT
AND I AM READY TO TURBO LONG :D
The final support I have shown, which I do not think is very likely, is the triple bottom situation.
This would mean a full blown retrace down to the green support zone shown.
Doubtful, but as a strong trader, its good for us to note these areas.
STAY TUNED. WILL UPDATE WHEN TO TURBO LONG THIS MF!!
WE DONT HIT STOP LOSSES, WE HIT TARGETS!
LL <3 XSR
Well... It finally popped!
Bearish mode is now enabled.
Bearish trend will not last long, therefore, I did not short.
& I dont recommend my followers to short either.
In my opinion, the better opportunity here is to wait for the Long.
Let me tell you, Patience is a virtue. Especially with trading.
These levels look enticing, I know.
But do not rush a long entry just yet.
Wait for full retrace to play out.
I expected a further drop into the potential buy zone entry 1
starting at just around 179-173 roughly.
Im looking for a bounce off the 50 & 100 MA as they inch upon crossing, this is KEY!!
This would be a perfect point for a nice reversal wick to push a turbo long on.
I did NOT include a direct signal on this post just *YET*,
But I did want to show my 5 loyal followers what I am eyeing currently.
These are important levels, and money will be made when the time is right.
I WILL UPDATE DIRECT SIGNAL WHEN THE AREAS ARE HIT
AND I AM READY TO TURBO LONG :D
The final support I have shown, which I do not think is very likely, is the triple bottom situation.
This would mean a full blown retrace down to the green support zone shown.
Doubtful, but as a strong trader, its good for us to note these areas.
STAY TUNED. WILL UPDATE WHEN TO TURBO LONG THIS MF!!
WE DONT HIT STOP LOSSES, WE HIT TARGETS!
LL <3 XSR
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.