Salaam
Happy Friday
We see a good rally in the last 17 days from ETH as the only up move!
It seems overbought and many people waiting to sell for now, but I'm looking for a buying opportunity.
In the 4h time frame, we see coiling in the stochastics oscillator below the trend line.
Also, ETH sticks just below the resistance of the daily descending channel.
I bought in 15m triangle breakout.
If ETH cold clear 3260 as the last local high, it could continue its rally to 3600 area.
For this target, ETH should break 3370 resistance.
To be honest, I'm don't like the last daily candle.
To keep your trading account live, MANAGE THE RISK!
And use stop loss and key levels as a violation.
Good luck,
Happy Friday
We see a good rally in the last 17 days from ETH as the only up move!
It seems overbought and many people waiting to sell for now, but I'm looking for a buying opportunity.
In the 4h time frame, we see coiling in the stochastics oscillator below the trend line.
Also, ETH sticks just below the resistance of the daily descending channel.
I bought in 15m triangle breakout.
If ETH cold clear 3260 as the last local high, it could continue its rally to 3600 area.
For this target, ETH should break 3370 resistance.
To be honest, I'm don't like the last daily candle.
To keep your trading account live, MANAGE THE RISK!
And use stop loss and key levels as a violation.
Good luck,
Note
Daily chartNote
As Justin Bennet told,The false break below the channel signals an extended move on the opposite side!
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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.
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.