ETHUSD - BULL FLAG BREAK OUT - next target $350 - She's walking back to $400

in #ethereum7 years ago (edited)


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ETHUSD Daily Bull Flag consolidation finally ended with a Break out.

Daily Chart
ETHUSD was in a consolidation range after retracing most of its losses this year. Consolidation ended with a breakout of the bull flag - My only quam with this move is I would have liked to see more volume, but this is good too, slow and steady.
Screenshot 2017-08-21 07.39.12.png

4 Hour Chart
4 hour chart, stochastic RSI is showing us that there is a lot more room to run here if volume continues to flow in a bullish manner on ETHUSD.

Screenshot 2017-08-21 07.39.37.png

5 Minute Chart - Looking for an entry
If you missed the run so far we would watch for a pullback to take a position - perhaps the $325 level. If you have a higher risk tolerance however and don't care to nickle and dime - you could enter here and monitor with a stop loss.

Screenshot 2017-08-21 07.47.42.png

TRADE: Already in it - walk up stop losses with price progression.
Risk Trade: Enter here or on a slight pullback and use stop losses to mitigate risks of buying into a big move like this.
Alternative: Watch for a consolidation period to enter or look at ALT coins LTC and ZEC

Follow at your own risk, Not a financial adviser, understand the risks associated with trading and investing. Manage your own Risk - in other words you could lose it all and I could give a fuck.

Previous Articles:
Sunday Overview
LTC ETH bullish setups
BTC Retrace Prediction

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Thanks for this info

you are welcome?

Great info!

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