Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
ETHUSD
has been moving inside this channel for a while now, similar to the channel I saw on the
XTZUSD
chart.
Right now, ETHUSD is chilling in the middle of said channel, therefore risk-reward is 1:1 on the short term. I'm aiming for new entries in the lower end of the channel (between $190 & $200), for a long-term position.
Admittedly, I missed the entry I now suggest yesterday. Luckily I'm still holding positions below $150 & $170.
Once again, please do your due diligence before trading.
Best of luck, may your trades be profitable.
- Jelle
ETHUSD
has been moving inside this channel for a while now, similar to the channel I saw on the
XTZUSD
chart. Right now, ETHUSD is chilling in the middle of said channel, therefore risk-reward is 1:1 on the short term. I'm aiming for new entries in the lower end of the channel (between $190 & $200), for a long-term position.
Admittedly, I missed the entry I now suggest yesterday. Luckily I'm still holding positions below $150 & $170.
Once again, please do your due diligence before trading.
Best of luck, may your trades be profitable.
- Jelle
First Resistance @ 247.
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