ETH i currently testing our daily rsistance.
2 scenarios like BTC:
1/ Either we flip our local resistance as new support and we go directly to 4K
OR
2/ We have a rejection from here and we could open a SHORT trade at the second restest of this resistance.
Note: If we flip the resistancehere, we are confident enough to open a LONG as we can see ETH formed a double bottom on the 4h chart, which is a strong bullish structure
2 scenarios like BTC:
1/ Either we flip our local resistance as new support and we go directly to 4K
OR
2/ We have a rejection from here and we could open a SHORT trade at the second restest of this resistance.
Note: If we flip the resistancehere, we are confident enough to open a LONG as we can see ETH formed a double bottom on the 4h chart, which is a strong bullish structure
הערה:
ETH has breakdown from his ascending channel and now the next support is 3350. ETH is still really corelated (sadly) to BTC. so be careful and put tight stoploss
Hold tight and when we hit 3750 put stop loss at entry for 100% gain trade .