To understand why, read related idea below.
ETH/BTC chart developing fractal confirmed by negative volume.
ETH/USD price broke through inH&S, currently in pullback and wants to reach resistance. Will it break resistance and reach neckline of the neckline of inverted head and shoulder - probably not, the price deviation is too big so I expect it to stop on resistance. Fractal is developing but we need more data for safer entries.
After fractal forms and confirms on 4H chart, I will enter shirt trade. Stop above the fractal
Happy trading
ETH/BTC chart developing fractal confirmed by negative volume.
ETH/USD price broke through inH&S, currently in pullback and wants to reach resistance. Will it break resistance and reach neckline of the neckline of inverted head and shoulder - probably not, the price deviation is too big so I expect it to stop on resistance. Fractal is developing but we need more data for safer entries.
After fractal forms and confirms on 4H chart, I will enter shirt trade. Stop above the fractal
Happy trading
Trade active
stop 750Trade closed: target reached
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Note
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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.