Ethereum / TetherUSמעודכן Patience until ETH confirms supports
Greetings,
As we can see on the 4 hour chart, ETH made a nice drop from overbought levels. I was hoping that it would be able to find the support on 220~ which was 0.382 retrace from this whole bullish impulse, and that we will enter into the 5th extended bullish wave that would bring ETH to 300$. But bears had different plan and took that support down, leaving ETH in the neutral zone at the moment. It is really important that ETH do not break below 200 which can mean retesting the bottom and potentially making lower lows.
Our goal is to find positive signals and good R/R for the next trade. Currently all eyes are set on the Bitcoin and it's triangle, even minimum BTC price movements are felt strong in the alts.
In our last idea we saw that ETH had some room for upwards movement, and that played nicely. Since we are not shorting 10 months bear market we are waiting for the next bullish signals.
Stay patient and trade safely.
As we can see on the 4 hour chart, ETH made a nice drop from overbought levels. I was hoping that it would be able to find the support on 220~ which was 0.382 retrace from this whole bullish impulse, and that we will enter into the 5th extended bullish wave that would bring ETH to 300$. But bears had different plan and took that support down, leaving ETH in the neutral zone at the moment. It is really important that ETH do not break below 200 which can mean retesting the bottom and potentially making lower lows.
Our goal is to find positive signals and good R/R for the next trade. Currently all eyes are set on the Bitcoin and it's triangle, even minimum BTC price movements are felt strong in the alts.
In our last idea we saw that ETH had some room for upwards movement, and that played nicely. Since we are not shorting 10 months bear market we are waiting for the next bullish signals.
Stay patient and trade safely.
הערה
200 double tested and bounced, trade was valid if you were able to catch the movement live. Currently, ETH got rejected from 235 two times in a short period, and what worries the most is BTC rejection from a triangle resistance. The safest way to trade at this moment is to wait for BTC direction, and if BTC manages to break the triangle things could get really good for bulls. Bullish support for ETH around 220
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.