On the Ethereum chart, a descending triangle forms and the descending triangle formation belongs to the bearish price formation, by means of which we assume a further decline in price.
On the other hand, the price is above the EMA 200, which indicates a bull signal.
Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell.
I will discuss all the essentials with my students today and based on our Price action strategy we will look for a suitable place to enter. Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade.
On the other hand, the price is above the EMA 200, which indicates a bull signal.
Now you need to find out, on lower time frames, what's going on inside the candles and decide whether there is a good opportunity to buy or sell.
I will discuss all the essentials with my students today and based on our Price action strategy we will look for a suitable place to enter. Of course, all the conditions of our strategy must be met in order to increase the probability of a successful trade.
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.
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.