BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD 4 H Chart analysis: see pink rose channel here,
within the channel, there are two ABCD model,
and break through the yellow area pressure
position (point B),
then, trade plan: 1. Waiting on the pink channel
near the trend line (D), stagnating sell signal,
2. Or, wait for the yellow area below to buy the
first pullback.

The entrance way depends on your thinking and risk ratio!

Good luck ,Guys, if you like the idea please put like button, this will be the best thanks.
Thank you for your support, I appreciate it.
Zoom out to the daily. Im looking at at touch of resistance from the two touch points prior, forming a falling wedge. We are currently at 194. if we can close above the down sloping trend line on the daily, I would consider it a break of the falling wedge (bullish). Currently, it looks like the bulls might be reloading for the next move higher. The possibility of seeing a retest of previous resistance at 185 seems likely. Looking for a long at these levels. Good luck!
+1 Reply
@Gosaip, Thank sharing your thoughts
Please share your analysis of the ETHUSD here.
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