Does Ethereum wants to consolidate between those 2 Daily Structures? Maybe... But first, I will wait for a double top in the Daily Structure Area and then short it, until the lower area is reached.
Wow, right on the money with this one!
So now that your level has been reached, where do you see it going from here?
xWolfxPT
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Hi @NicoO0Oo, thanks for your comment! Well, since price formed the double top, it was almost straight down to support and it was a good and profitable.
Right now price is consolidating at 300€ and for me there is nothing I would do on this pair.
Still, if price reaches the support area, I would then wait for a double bottom, buy it and take 2 Targets: 1st around 323€ (middle of the range) and 2nd around 330€ (before the daily resistance). Entry and Stop-loss depend on where the double bottom is formed (if it forms after all).
If I have time later I will post the idea.
NicoO0Oo
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@xWolfxPT, Awesome! Would love to see that. It's so nice to read about ETH/EUR for a change!
I do have another question , do you think Ethereum has enough (if any) strength right now to move counter BTC if, say, BTC went down more? I feel like they have been very correlated in this bear market.
Thank you for your reply again!
So now that your level has been reached, where do you see it going from here?