Hi there!
We have all important support and resistance levels here!
The big wedge scenario and some stronger upside movement can happen only in case if S&P 500 and BTC will not have a strong catastrophically decline soon!
If they move to the upside or have some sideway movements than ETH will have chance for this only!
We have a BIG ABC with ideal target of 100% extension so the double bottom support level should be very strong in this case to hold the price above previous low.
Good luck traders
We have all important support and resistance levels here!
The big wedge scenario and some stronger upside movement can happen only in case if S&P 500 and BTC will not have a strong catastrophically decline soon!
If they move to the upside or have some sideway movements than ETH will have chance for this only!
We have a BIG ABC with ideal target of 100% extension so the double bottom support level should be very strong in this case to hold the price above previous low.
Good luck traders
Note
one more reason for upside movement
Patience
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different view
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ETHUSDT and ETHBTC correlation
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
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.
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
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.