ETH: USD Inverse head & shoulders, Target: $4,900
Earlier in this cycle these were one of my favorite setups.. The win rate was ridiculous. Looking for a breakout and retest of the neckline. Should coincide with the 244 EMA SR flip on the daily.
The Trade: Long:
Entry: On the breakout and retest of the neckline
Stop: 4h close back below the neckline
Target: length of the head projected from the neckline. (Currently around $4900, +53%)
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. DO NOT TRUST THIS ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
These analysis take a considerable amount of time, consequently, I'm not taking any analysis requests.
Please respect my time and don't ask; because I dislike having to reject you
The Trade: Long:
Entry: On the breakout and retest of the neckline
Stop: 4h close back below the neckline
Target: length of the head projected from the neckline. (Currently around $4900, +53%)
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. DO NOT TRUST THIS ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
These analysis take a considerable amount of time, consequently, I'm not taking any analysis requests.
Please respect my time and don't ask; because I dislike having to reject you