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.
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.
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.
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
