Ethereum is in strong bullish trend on both 4h and 1h charts. The 1hr chart shows some retracement of the trend. It is still above the VWAP and a solid buy overall, but as a trader, I am waiting for either Eth to show further retracement below the VWAP before midnight GMT, or for bullish confirmation candles. If I end up waiting till midnight GMT, then I watch for Eth to maintain the VWAP over the first two volume spikes before I enter.
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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.