Ethereum is Trading Inside an Ascending Channel
By Deya Hroob This trade setup is based on daily chart. ETH/USD is currently trading in an ascending channel. How to trade this kind of channel? When prices hit the LOWER trend line, this may be used as a buying area. Put stop loss below the lower trend line. When prices hit the UPPER trend line, this may be used as a selling area. Put stop loss above the upper trend line. If you are a kind of trader who loves to trade breakout, you should wait a breakout to happen. Simply, put a buy order above the upper line or a sell order below the lower line. Our trades will be more reliable if we have a closed candle above/below both lines. Good Luck,
Comments
Post a Comment