For greater transparency, below are all the closed crypto trades (excluding long-term holding and not trading) that were initiated in March 2023.
This includes the trade alert that was sent via email to all members, the setup via the chart and how the trade ended.
Apply for the Crypto Plan Learn MoreThe latest trade that was closed will be displayed at the top. Open trades are available at the following section and can only be accessed by ddmarkets’ members.
Click on the charts to enlarge.
ADAUSD Trade Alert
Date: 06/04/23
Status: Closed
ADAUSD long at market price (ask 0.3817)
Take profit: 0.4100
Protective stop: 0.3570
Risk Ratio (RR): 1: 1.1 (approx.)
Estimated duration: 10 days
Relevant as long as ADAUSD is below 0.3890
Note: This is a daily entry. The potential drawdown is a re-test of 0.3740.
The price appears to be in an established uptrend at the time of this writing. Cardano isn’t as volatile as other cryptocurrencies.
ADAUSD was unable to reach the top of the range it is held in (as seen on the chart we provided with the trade alert).
Due to the price range, we see no reason to remain in the trade.
ADAUSD is trading at 0.3872 at the time of this writing, we are closing the long trade at market price.
ETHUSD Trade Alert
Date: 03/04/23
Status: Closed
ETHUSD short at market price (bid 1,812)
Take profit: 1,790
Protective stop: 1,823.50
Risk Ratio (RR): 1: 1.9 (approx.)
Estimated duration: 3 days
Relevant as long as ETHUSD is above 1,808.
Note: This is a 4hr entry. The potential drawdown is a re-test of 1,820. We are taking some risks with the entry as solely rely on an intraday resistance level to hold.
ETHUSD Realized
The downtrend may have come to an end. There are minor indications for corrective gains, which do not constitute as an entry but they act as a warning signal for those are in a short position.
It is a minor profit but we have little choice. Do note it was based on the 4hr chart.
ETHUSD is trading at $1,805 at the time of this writing, we are closing the short trade at market price.
ETHUSD Trade Alert
Date: 21/03/23
Status: closed
ETHUSD long at market price (1,763.74)
Take profit: 1,800
Protective stop: 1,700
Estimated duration: 3 days
Relevant as long as Ethereum is below 1,770.
ETHUSD Realized
Ethereum spiked higher following a bullish momentum across the US indices. The target has been acquired shortly after the trade was initiated. which is fairly uncommon.
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