Plotted on this chart is same as BTC chart. some alts ha already seen this retracement, another previos high not tested, 2750 intersects trend and the retest, may just be a one quick wic,k place limit orders with stop loss, may be a last chance dip
Overall Bias: Strong Bearish
Plot:
ICT's Friday's Asian Range Principle leads towards a huge Daily TF GAP.
Behind the GAP is this context: Midpoint of 2018's top and 2019's bottom.
It is also where you can find the last strongest retracement and impulse move towards the bottom before this huge rally on crypto.
That area on ETHEREUM is going to be very very very...
Trade setup:
Entry Price: 2500 USD
Target Price 1: 2800 USD
Target Price 2: 2900 USD
Target Price 3: 3000 USD
Target Price 4: 3100 USD
We can see in the price chart that the price of Bitcoin seen to have bottomed out, and this movement can also be seen in all three measured indicators.
The RSI hit its perceived bottom at 34 and the MACD also seemed to have...
It could be that ETH is now in the middle of the same fractal, because i see one that is not finished as well. Im gonna trade this one as a bottom, with tight stop loss, because stop hunt is maybe finished for this move. Daily divs forming as well.
