Its a scalp set up. 1583 area would be the SL for this. To flop back in. 1662-1668 for re entry. It could be a fake out... strong close outside channel then re entry would be invalidated
18 m Harmonic Navarro , 200. this is just a smaller harmony inside My larger Shark( Bearish). I'll post those below
ETH wants to make a move. The recent break out of the April 5th trend looks like exhaustion. We still haven't retested previous lows of 1230's . Here are some of my thoughts on the 1h TF.
ETH has to make a decision here. ( Purple box has been serving as resistance over the last 12 days ) Bullish Scenario : A break out to the upside with a close above 1266- could signal we bottomed. Making 1400 area our next big obstacle. Bearish Scenario: 1255 area is strong resistance for now. Could break out of ascending triangle and re test the 1067...
Not sure if this is playing out, but 3092.85 is acting as support as well as the downtrend from the bull flag it formed on the 4h.