Looking at Ethereum (ETH/USD) on the 4 hour to find potential resistance after a recent long signal.
We are using our Fractal Trend indicator to determine the trend (denoted by the background color) and using our Breakaway scalper to find trades in the direction of the trend (denoted by bar color).
To confirm a trade, we want bar color and background color to align.
We have finally got a long signal (bar and background color green) after getting a successful short signal (bar and background color red) on March 8th.
Our first potential resistance is the bearish order block created by price action between March 8th and March 12th.
If we can break above that resistance, then the other bearish order blocks above can be looked at for additional resistance levels.
For a long view of Ethereum, and for a look at where we might find resistance based on ETH/BTC, check out our previous post.
We are using our Fractal Trend indicator to determine the trend (denoted by the background color) and using our Breakaway scalper to find trades in the direction of the trend (denoted by bar color).
To confirm a trade, we want bar color and background color to align.
We have finally got a long signal (bar and background color green) after getting a successful short signal (bar and background color red) on March 8th.
Our first potential resistance is the bearish order block created by price action between March 8th and March 12th.
If we can break above that resistance, then the other bearish order blocks above can be looked at for additional resistance levels.
For a long view of Ethereum, and for a look at where we might find resistance based on ETH/BTC, check out our previous post.