ETH forming a new suuport? Buy zone maybe
Please note that this is a record of personal trading log, DO NOT TAKE IT AS FINANCIAL ADVICE
It looks like ETH is forming a fake breakout of previous low of 1821.95 and significant integer mark of 1800
Notice that the high volume over the past four hours
LONG entered at ~1800
TP 1 - resistance at 1970
SL - 1770
Another important thing that worth paying attention is that: ETH.D or ETH/BTC is currently at a support area over the past 2 months,
I think ETH might be undervalued now compared to other cryptos in the market
Maybe it's time for ETH to get its dominance back a bit? (OR back downwards)
It looks like ETH is forming a fake breakout of previous low of 1821.95 and significant integer mark of 1800
Notice that the high volume over the past four hours
LONG entered at ~1800
TP 1 - resistance at 1970
SL - 1770
Another important thing that worth paying attention is that: ETH.D or ETH/BTC is currently at a support area over the past 2 months,
I think ETH might be undervalued now compared to other cryptos in the market
Maybe it's time for ETH to get its dominance back a bit? (OR back downwards)
Note
Second entry @ 1796noticed large volume of unfilled buy order at 1795
followed by rebound of BTC from its support
TP change to 1945
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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.