Caution Bullish
Yesterday ETHUSD pair Hit 115 day log MA(Volumn small), then starting profit taking dump.
(last time when price hit 115 day log MA is around 26th Auguest, 2022, then dump)
This profit taking dump hit several stop orders.
Market buyers's stop orders kill buyers.
Let's observe will uptrend pattern be terminated or not.
Now price is around 700 days and 750 days log MA.
If recent range trading is around 115 to 750 DAY log MA
Then, Caution to go long.
(last time when price hit 115 day log MA is around 26th Auguest, 2022, then dump)
This profit taking dump hit several stop orders.
Market buyers's stop orders kill buyers.
Let's observe will uptrend pattern be terminated or not.
Now price is around 700 days and 750 days log MA.
If recent range trading is around 115 to 750 DAY log MA
Then, Caution to go long.
Note
Pin Pattern
Note
Note
a back test Green Zone area is expected.
Note
The speed of Breakthrough 110 days log MA faster than what I expected. Trade Close
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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.
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.