ETH is moving down inside a small descending wave, correcting after push up, the dollar is coming out strong today so crypto and gold are suffering, I still think ETH is a strong pair and is bullish, I would try a buy at the break of the wedge and over DO or a pullback down to the low end of the wedge, always looking at BTC and US Dollar, if US Dollar will push strongly up again i think i would wait to open a trade if it will stabilized i wil open in one of these two point starting with a small position like 10-25%
Trade active
10% long position openNote
will increase on positive retestNote
25% long position increasedNote
waiting for next push up after 15M RSI get in oversold areaNote
trade closed too late do not like to live the trade open overnight
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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.