ETH is now going on its last bullish push, it seems. From the market tilt and pull point of view, ETH tilted to the bullish side, and we have the market pull in a bullish channel that's continuing to pull the price upwards as the title will most likely hold and stay on the bullish side for a few weeks. We will have long opportunities in this trend.
ibb.co/qJmjwRf Magenta trendlines display the pull channel we are in. However, please keep in mind when pulled far back out, it snaps back down, and on ETH, that snapping is expected, and that will drive the price down one more time. The next likely trade is short, and then there will be another long opportunity. If the pull holds and stays within the trendline, ETH will most likely come back up to retest 2k.
Some of you probably remember from my early work that I've been working on a system and now it's near completion (hence the more beautiful charts). I will be making more time for daily posts as I find more time. Follow and enjoy!
For educational purposes. Not trading advice. Trade at your own risk.
Comment
⋅
Quick update on ETH for everyone. ibb.co/8mzkLZw ETH is now pulling higher and has broken above the channel I posted yesterday. We can expect a small correction but what to look out for is a long position on the next pullback. We are now in an area of possible trapping of bulls or bears. High likelihood that it's a bear trap and I doubt there will be much of a retrace.
The title (black oscillator with the gradient) is staying well on the bullish side and I consider this established. Look for the long entries.