ETH 01.05.2021
Overall the Picture is still bullish, and we are slowly creeping to the upside, with a target of around 3k.
Same story as the last days, Long above 2650 with targets 2921 (161,8% extension of the last range traded)
if we happen to come back down below 2650 this could also be used as a short trigger, which would bring us down to around technically to around 2440.
A dip to 2440 and lower, could be used very nice as a long trigger again,
Summary: Longs prevail and we are looking for another leg to the upside.
As long as we trade above 2650 it's 60/40 for longs, below 60/40 for shorts.
Happy Trading
JT
Overall the Picture is still bullish, and we are slowly creeping to the upside, with a target of around 3k.
Same story as the last days, Long above 2650 with targets 2921 (161,8% extension of the last range traded)
if we happen to come back down below 2650 this could also be used as a short trigger, which would bring us down to around technically to around 2440.
A dip to 2440 and lower, could be used very nice as a long trigger again,
Summary: Longs prevail and we are looking for another leg to the upside.
As long as we trade above 2650 it's 60/40 for longs, below 60/40 for shorts.
Happy Trading
JT