We can see that Ethereum price has created a range, we are currently in the lower part of the range, a local support. Price has collected liquidity and we can see in the heat map a couple of clusters of volume that have been manipulated. I think it is possible for the price to breakout the trendline and look for higher resistance levels.
Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!
Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!
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SL at breakeven, sold 25% of position.
Trade active
Price reached the local trendline, I sold 75% of the position, profit booked and out of risk.
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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.