ETH seems on the verge of either go down to previous support, or rally up to ATH and beyond.
I'll wait to see if the previous bottom breakout was in fact a false breakout. Then I'll wait for price to breakout north then go long (ref: 1). If price doesn't breakout the top trend line, then I'll go short with a stop over the top trend line (ref: 2).
I'll wait to see if the previous bottom breakout was in fact a false breakout. Then I'll wait for price to breakout north then go long (ref: 1). If price doesn't breakout the top trend line, then I'll go short with a stop over the top trend line (ref: 2).
Trade active
Scenario 1 materialized. Long entry entered.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.