ETH - Taking my profits, thank you.
ETH did a good job here. After it triggered a harami on April 22 it went up and gave us almost a 10% profit. If you lost my last call on ETHUSD, you can check it here (and FOLLOW me to keep in touch):
The stop loss was set at the harami’s low, which would be a 3,7% loss, and now ETH is within a resistance zone, and gave almost 10% profit, a trade with a risk/gain of 3:1. It is fine, but the trade we did on BTC was even better (4:1 r/g relationship).
Now we can start taking profits. If we look at the hourly chart, ETH lost the previous support (pink line), so it is a good idea so sell.
At the daily chart it seems it is doing a bearish engulf, but we must wait for confirmation.
Now just take your profit and have some fun.
Congratulations for everyone who did catch this trade. If you didn’t, just wait a little, more opportunities will come. In that case FOLLOW me to keep in touch, I do daily analysis on ETH and other cryptos.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
The stop loss was set at the harami’s low, which would be a 3,7% loss, and now ETH is within a resistance zone, and gave almost 10% profit, a trade with a risk/gain of 3:1. It is fine, but the trade we did on BTC was even better (4:1 r/g relationship).
Now we can start taking profits. If we look at the hourly chart, ETH lost the previous support (pink line), so it is a good idea so sell.
At the daily chart it seems it is doing a bearish engulf, but we must wait for confirmation.
Now just take your profit and have some fun.
Congratulations for everyone who did catch this trade. If you didn’t, just wait a little, more opportunities will come. In that case FOLLOW me to keep in touch, I do daily analysis on ETH and other cryptos.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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