ETH reaching a key apex critical point where a break up or down will most likely happen. Long term target stands @ $1,750.
Yes, it is cliche to say a break up or down will happen, though it's important to understand that apex points are great places to plan your position for a break either way.
We see a clear pattern forming bounded by trend lines, and reaching a critical apex soon which will break up or down to the specified regions that indicate major supports and resistances. I always wait for confirmation before entering a swing position to minimize risk. I am no financial adviser, though it is highly recommended from the perspective of an experienced trader.
Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders
Please consider these videos:
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - Tutorial Part 2 How to Analyze Candlesticks Charts with Strategy
Lesson 3- Let's learn Moving Averages
Lesson 4- Let's Learn Relative Strength Index RSI with Advanced Strategy
Lesson 5 Let's Learn MACD and Histogram
Lesson 6 Let's Learn Margin Trading Long, Short, Leveraging
Lesson 7 Let's Learn Basic Risk Management
Lesson 8 Let's Learn Fibonacci Retracement Part 1
Lesson 9 Let's Learn Fibonacci Extension Part 2
Lesson 10 Let's Learn Laddering
Lesson 11 Let's Learn Time Frames
Lesson 12 Lesson 12 Let's Learn Swing Trading Advanced 55 EMA Strategy
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!
Luna's personal bitfinex account:
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.
Just for those who are interested aelf just launched their airdrop. You can only join it and gain some elfs per day with invitation. If you are interested you can use my link https://candy.aelf.io/account/register?invitationCode=0A0E5W612DdN
Good luck :)
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Looks like a phishing link to me
Edit: my mistake...I found the link is official
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Love your videos and the joy in your heart! Question: Does your 55 ema work for XBT pairs and USD pairs "calculated by tradingview". Or do they work the same? Thanks :)
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@Philakonecrypto, will confirmation of trade active be when the 3-hour or 4-hour candle closes above the 55 EMA and the resistance line? (I'm still going through your classes. I'm on second class.)
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