So, I am new to the Tradeview platform and do not trade forex/crypto full-time. However, I love playing with the charts and seeing if an idea works or fails based on the trend I am seeing. I have been shorting Ether for about the past month and was taken by surprise on the recent breakout. Nonetheless, in the spirit of embracing reversals, I have decided to watch for a long term bullish move to jump in long on the crypto. Ether has been stuck in a sideways pattern in my opinion and I feel the trend needs to change one way or another, especially with bitcoin making moves to the upside yesterday. Looking through the 1-4 hours charts I found this sideways pattern may be poising to move in the next day or so. 235-240 for the upside I feel is needed to move up and a solid break of 210-215 to move down. I don't know what the next tests might be, but there are many more talented individuals on here that do. Anyhow, thanks for any feedback.
Trade active:
Under pretty heavy selling pressure, chart just punctured down through my trend lines. My thought is that if we don't see a solid retracement back into the sideways zone, we may test the 190 bar again...i placed a short order at 211.648...we shall see!