Updated

ETH USD quick sketch

just some thoughts on ETH USD... Not really sure where it will go. I am just keeping my mind open for any scenario. Depending on what unfolds I will start to make my move. If it breaks out wont fomo buy until I see a good retrace.

If it breaks down to lower price levels I will look for clear reversal signals before buying in.

best of luck to everyone...

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Right now the signals are very mixed- I would wait for the market to make a decision and give a clear signal on whats about to unfold.

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Just a note to everyone - I am not making a prediction. I am just sharing my game-plan of what I would do depending on how the market unfolds. If we breakout upward I expect a small retrace at the next resistance level - that would be a good entry point.

If we dip below, it would be great to look out for reversal signals at the key supports.

Again im not making a prediction just coming up with a plan to follow up on so I dont make stupid emotional trades.

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hit key resistance and now going to key support.

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We might enter the potential entry zone. In this scenario I would look for key reversal signals in the 280-265 range. if I dont see a reversal signal we may enter the dream entry but this is very unlikely

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Touched the top of the potential entry zone and going up. need to clear that first resistance...

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In my bullish entry zone. Keeping an eye on this one. If it bounces I'll be buying a lot of ETH. But note that it could fail and drop to the next support.

qedbeech

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qedbeech