Nested Accumulation (follow-up)
ETHUSD activated markup for larger scale accumulation yesterday at 1089.43. It has now formed a nested accumulation with support at the larger scale activation level. In order to generate the escape velocity to begin this overall markup it needs to clear 1143.08. From there it will have the time windows shown in chart to get above 2333 resistance and attempt the full markup with a run to 3458.
The important thing here is price needs to keep up with time. If it trades in the green zones it accomplishes this and will see explosive the explosive upside outlined in previous idea. If it trades in the blue zone price is exceeding time (ideal case for bulls) and this is where we can see some wild price action like back in July 2021. If it trades in the red zone it is at a major risk of more bearish price action. Finally, trading in the white (no color/fill) zones it will see sideways/consolidation. Refer to bigger picture for the main critical levels:
Best of luck to all.
The important thing here is price needs to keep up with time. If it trades in the green zones it accomplishes this and will see explosive the explosive upside outlined in previous idea. If it trades in the blue zone price is exceeding time (ideal case for bulls) and this is where we can see some wild price action like back in July 2021. If it trades in the red zone it is at a major risk of more bearish price action. Finally, trading in the white (no color/fill) zones it will see sideways/consolidation. Refer to bigger picture for the main critical levels:
Best of luck to all.
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