Hello again. As for ethusd i had an entry below 215 that got filled, it's looking decent as long as it remains within the green box in the chart. You have two areas to confirm bullish trend. A move above 230-235 and holding in that range before going into the 270 resistance would be perfect. There is a decent chance for a short-mid term ethusd rally as long as it can clear those resistances pointed out. One thing to point out is there is a powerful liquidity zone between those two black lines just below the range, so no stop is safe above that, and closing below that range would be confirmed bearish. Will update if there is anything significant to note. Good luck all.
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BTC has made it exactly to the top of the rejection zone afterall. Bulls to be very cautious here, Note
I am exiting the eth long position here, I am no longer comfortable with the current PA. I will re-enter on a confirmation only. Good luck all, sorry i accidentally posted the btc idea in the post before.Note
if eth can clear this level with a nice expansion out, 205 will be very decisive for a nice trend upwards if broken and held, possible to 260ish. Specially after we hit the big stop hunt zone below. Need nice single expansion back to the green box. Good luck all
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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.