I see the inv head and shoulder confirming just now. Taking a nice long position. Daily trendline broken and holding as support.
So we are at the 70500 right now, I think we are seeing a little retrace to the 69500 from where we will pick up some buy orders we go past the ath only a little, crush those stop losses from the shorters and will then see the big pre halving sell off to around 58k or maybe even 53k. Let’s see….
Gala broke the trend and is retesting its outbreak. I am waiting for the 0,05833 to hit and take a nice long position.
So the daily support line hold. We made a higher low on 1h timeframe. Now I am looking to come back to the golden pocket to go further up. Let’s see what happens.
This is what I’m seeing at this moment. Not in any trade so far. Closed my entire 72888 short at around 63k. Looking for a new setup that will most likely be a long as we are in a larger timeframe upward trend and I already took the short in this correction fase.
After reacting very strong on the 63k and the bottom of my blue zone I am taking 50% profits on my 72888 short.
Sustained breakdown entering longs now makes no sense
After making an head and shoulder pattern on the daily timeframe I’m looking for re entry’s in the upcoming weeks. Only after a new higher low on the daily I will look for possible entry’s
After breaking support now acting as resistance at 3930 we are likely to see more downside. Here a possible re entry on 15 min chart
BINANCE:ETHUSDT broke support 3930, then acted ass resistance and got to the -0.27 fib level. Will likely see the - 0.618 soon at 3499,-