ETHUSD Repeat Bullish Pattern?
The previous price action in mid 2019 ETHUSD has at least 9 rejections from the 260-290 levels before finally breaking through resistance to hit 360+ high. You can observe more precise action on lower timeframes.
It would seem we are currently repeating the same pattern. Furthermore, the halving is just around the corner. Keep those margins healthy and protect yourself against those scam wicks that are designed to liquidate your long positions or wait for an entry upon more healthy signs of price recovery.
This is only an observation and my own opinion. Please do your own research and only trade what you can afford to lose, nothing is 100%.
Good luck!
It would seem we are currently repeating the same pattern. Furthermore, the halving is just around the corner. Keep those margins healthy and protect yourself against those scam wicks that are designed to liquidate your long positions or wait for an entry upon more healthy signs of price recovery.
This is only an observation and my own opinion. Please do your own research and only trade what you can afford to lose, nothing is 100%.
Good luck!
Related publications
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.