Possibilities/5
Updated
NOT Financial advice!
. Be patient and decide your trade setup once resistance is claimed as support or support breaks from significant levels.
. Be cautious with possible traps/fake-outs, look for candle close in important areas on higher timeframes.
. Be patient and decide your trade setup once resistance is claimed as support or support breaks from significant levels.
. Be cautious with possible traps/fake-outs, look for candle close in important areas on higher timeframes.
Note
If 1460 are can't be hold as support, then this idea would be invalidated.Most higly probable scenario is: 1460 can't be flipped as support -> 1280 cme gap fills -> retest of 1430-1480 -> fail to hold and downwards towards 450-550 are.
Argumentation:
. Weekly looks bad, CPI data today, more word about a recession is growing and spreading, FOMC meeting end september(wich would be about the time that eth is at 1430-1480 area), wikipedia changing the definition of 'recession' more then 15 times in a span of couple days...
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.