ETHUSDT | Midweek Analysis
At the beginning of the week, the price failed to take higher timeframe buyside liquidity and made a run to the low of the previous week.
Market Maker buy model framework.
I would expect the price to reach target 1, perhaps tomorrow with the PPI.
Next week we have Federal Funds Rate, so we could also see some consolidation the day before.The analysis is valid until then.
Market Maker buy model framework.
I would expect the price to reach target 1, perhaps tomorrow with the PPI.
Next week we have Federal Funds Rate, so we could also see some consolidation the day before.The analysis is valid until then.
Trade active
Target 1 Reached on PPI Release.
Let's see how this candle and the next one close to define the next draw of liquidity.
Note
I would like to see a run down to 3795.25 and maybe 3706.72 to reaccumulate longs. The invalidation point of the idea remains the same.Note
During the weekend, the price reaches the buy stops at the marked level of 4028.0.
This week is active in terms of volatility given the economic calendar.
The price could take the sell stops from the weekend and perhaps the stops indicated in the previous note, or consolidate until Wednesday when we have the interest rate decision.
Trade closed: target reached
Price reach target 2 before interest rate decision
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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.