Ethererum

Updated

These are levels that I'll be keeping an eye on when dealing with ETHUSD, and I'll revise as price action progresses.

I adapt to the change in money flow.

This is short-term movement I'm tracking, but soon I'll do an analysis from the higher timeframe perspective. Price had a bullish impulsive and now it's forming an ascending channel to two key levels which is where I'm anticipating for it to flip from bullish to bearish. It's a possibility it can fall short of reaching the levels if there's enough pressure in the area. We shall see...

P.S. I am overall bullish on this crypto.

Note

P.A. was able to find support within the imbalance, so it's still forming the ascending channel. It can be seen a lot easier from the daily perspective.

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This is the 3rd hit on the H4H, so there's only a matter of time before it's broken. I'll keep an eye on the $1626 - $1645 range if price happens to retrace.

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P.A. swept liquidity after breaking below the H4 low, breaking structures to the upside. I'll now look for price to reach the $1775 level which is the area I would like to see price flip from bullish to bearish. We shall see..

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I'll be looking for rejection wicks around the $1797 price point (area). 👀

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I'm looking forward to seeing $1725 getting swept then price falling around the $1600 level where there's a:

1. Untouched H4 range
2. Daily EQ
3. H4 IMB
4. GZ/OTE LEVELS

👀

Note

P.A. fell into everything above this comment I've mentioned, and responded in bullish fashion. ☝🏿

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Anticipating more downward movement if price breakthrough the $1720 level, and $1845 for bullish continuation.

ChrisJTradesFX

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