ETH 12/3 - analysis with Div
Updated
Still in consolidation. Ranging market.
If there is move up about to happen ETH need first to go down to clear out stop losses of traders betting long.
1h volume analysis shows small consolidation zone between 4490 and current POC at 4590.
30m local anomaly on red candle forming hammer on high volume could indicate reversal.
Position long with entry at 4490 for a 3% move up. SL below low in this consolidation zone and daily strong support at 4450
If there is move up about to happen ETH need first to go down to clear out stop losses of traders betting long.
1h volume analysis shows small consolidation zone between 4490 and current POC at 4590.
30m local anomaly on red candle forming hammer on high volume could indicate reversal.
Position long with entry at 4490 for a 3% move up. SL below low in this consolidation zone and daily strong support at 4450
Trade closed: stop reached
Analysis indicated move down, yet taken move up - contradiction.
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