Ethereum: bearish time at mode signal target not reached in time
We have a clear long setup in Ethereum.
A low volume selloff after the uptrend expired and we reached some hysterical highs.
Current setups implies that if this bar doesn't reach the bearish target signaled by the box before it closes, it's possible to see price reverse from here.
I labeled the range expansion bars on the daily (which looks like a perfect uptrend to me so far), and the stop loss level for the last one, as well as take profit (65% chance long trade).
I also labeled the 4h range expansion bars, the light green and red ones, bullish ones are all working, which is a good sign.
I'm buying and building a large position, aiming for 0.012 or higher, but need to see more proof by price building a mode higher, with 16 bars or more at one price.
Good luck!
Ivan.
A low volume selloff after the uptrend expired and we reached some hysterical highs.
Current setups implies that if this bar doesn't reach the bearish target signaled by the box before it closes, it's possible to see price reverse from here.
I labeled the range expansion bars on the daily (which looks like a perfect uptrend to me so far), and the stop loss level for the last one, as well as take profit (65% chance long trade).
I also labeled the 4h range expansion bars, the light green and red ones, bullish ones are all working, which is a good sign.
I'm buying and building a large position, aiming for 0.012 or higher, but need to see more proof by price building a mode higher, with 16 bars or more at one price.
Good luck!
Ivan.
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