If it wasn't clear to you yesterday, the day before, or the week before that.. Ethereum is bullish!
We have seen some highly anticipated but unexpected bullish price action in these past 24 hours.
Trading my previous analysis with the Fibonacci levels would've given you some clear direction as to where you would benefit from taking profit (1350-1355) on the .786 Fibonacci Retracement level.
1. This H&S formation was lovely to swing trade through scalps throughout the past few days. Admittedly I expected this formation to result in a pullback. This idea was put to rest when I noticed the reversal candle close around the daily. We closed below the 21 MA and I expected bearish price action as a result but woke up to a sharp increase in price.
2. If you view back to the previous week(s) you will see how significant this level is. I have noticed that we have bounced off this and found resistance which is a very bullish indication. Heiken Ashi candles provide a clear view of real-time market strength and make you realize how much you were missing out without them!
Please remember to trade with risk management and do research before risking any money on the market. Thank you for the amazing response to my previous ideas, I appreciate all the likes, comments, and follows.
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We broke below the support, I am potentially eyeing up a visit to 1270
@importedOrange34211, I am expecting a trend to form over the next period of 4-7 days; either expecting a new ATH (target is the 1.618 for the midterm and the 1 for the short term!). Thanks for your feedback!
Some great TA here, keep it up!!