ETHUSDTHello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
Currently,
ETH's moving below the S/R zone ( Grey zone ) and it comes with a possibility to take Short with an invalidation above $3305's resistance. - If you're going to Short the pair here; You need to know that the invalidation must come with active management ( Candles closing ).
Now as we talked about the first scenario, It's better to head to our main scenarios!
📉 Bearish Scenario: If
ETH manages to break below the mentioned trendline, Then it'll be a good spot to locate your Short with the same Invalidation and target projection... - Be noted that the rejection below the trendline will confirm bears' weakness!
📈 Bullish Scenario: If
ETH manages to break above $3305, It'll come up with a Long opportunity on the proper retest of the broken line. - Also there'll be another possibility to take Long above $3500, Just like the last terms of Long on $3305...
🔴 Be cautious that I'm currently neutral bearish on
BTC's macro status and I won't mind taking a Mid-Term or Long-Term Long position on Alt-Coins yet! Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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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.