Eth tried to break ATH but somewhat failed to close convincingly. This does not mean it will not try again soon, but short term we expect price to hit a bit below 1100 level, then maybe re-test ATH depending on buying volume on that level. Alternatively it could fall to the 1000 level and consolidate there before slowly trying ATH again over the next week. I highlighted these 2 potential entries for a 4-5% daytrade scalp
If after bounce you get a candle close above the static resistance line, target 1 should be the trend resistance line. If candle closes convincigly above trend resistance line ETH goes to price discovery mode.
Overall after this ATH attempt I think we must wait and react accordingly.
Rep and like if you like this idea :)
If after bounce you get a candle close above the static resistance line, target 1 should be the trend resistance line. If candle closes convincigly above trend resistance line ETH goes to price discovery mode.
Overall after this ATH attempt I think we must wait and react accordingly.
Rep and like if you like this idea :)
Comment:
Buying of the dip according to entry/stop/target levels above, has been reached for a nice 4.69% profit. Now we wait to see if we bounce back to ATH attempt or we go for a second dip buying opportunity