ETHUSD Daily Chart January Overview
ETHUSD overall idea is bullish currently accumulating on the weekly/daily chart meaning we expect higher prices to form in the coming weeks.
Not Financial Advice.
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Phi Traders . Founder - Sayry Llumigusin Parra
Tags(ignore): Wyckoff, Fibonacci , Volume , SMC , Smart Money Concepts, ICT , Inner Circler Trader , Supply and Demand
- Currently reaccumulating on the lower timeframe meaning we are looking for a long setup on the lower timeframes (i.e 2H,15M,3M)
- In terms of market structure on the daily and weekly we are currently forming a Elliot wave and waiting on the retracement which has confluence with our idea of a reaccumulation schematic as the spring needs to be formed there and lower prices must be met for this to occur.
- Looking for prices to reach highs of 3180 before reacting and dumping down to form the LPS in parallel with this schematic on the weekly and daily timeframe
Not Financial Advice.
Follow for more ideas :)
Phi Traders . Founder - Sayry Llumigusin Parra
Tags(ignore): Wyckoff, Fibonacci , Volume , SMC , Smart Money Concepts, ICT , Inner Circler Trader , Supply and Demand
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