Ethereum (ETH) - Parabolic Trend Line
The price of Ethereum (ETH) is increasing at an exponential rate - parabolic. A curved trading range has formed that can be used to determine the possible boom & busts of the asset.
SHORT/TAKE PROFIT: When in close proximity to the RED trend line.
LONG: after a confirmation bounce from green trend line.
STOP LOSSES: When a significant break of the parabolic trend line is made.
SHORT/TAKE PROFIT: When in close proximity to the RED trend line.
LONG: after a confirmation bounce from green trend line.
STOP LOSSES: When a significant break of the parabolic trend line is made.
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