Hope everyone long on my previous eth call made some money. Before i start, request you to support my ideas with your like. It motivates me to generate more content on this platform.
Now on to the trade analysis:
- ETH has conclusively broken the descending channel/ascending triangle - Hits supply liquidity at around 237 and immediately bounces, twice - On confirmation of 12H close above 236-237, we can open a long position since there is an uptick in volumes and OI - Conservative risk takers can wait for price to clear the Kumo - Convergence line has crossed the base line, and acting as local support - Targets 247/255/263 - SL 224 - Be careful of the funding rates on ETH on Bitmex