Happy Hump Day, Traders!
Hope you find value from this post.
If you did, please give this a THUMBS UP and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
Ethereum could potentially be forming an inverse Head & Shoulder pattern.
Breakout to the upside past the neckline (yellow trend line) could bring Ethereum up towards $4384 (measured move) coinciding with the high on May 12, 2021.
Watch the Key Resistance - Red Resistance Horizontal Bar above ranging from $3830 to $4030.
If Ethereum gets rejected at the Neckline - Yellow Trend Line, price could dip down to $2830.
Ethereum Bulls must escape the EMA Ribbon to reverse this downward trend (since Nov. 10th 2021).
If the Bulls manages to break out, Ethereum could revert back to the top of the ribbon to confirm it as support for further continuation of its upside price action.
4Hr Chart:
Ethereum above the EMA Ribbon
Stoch RSI (1Wk TF): Bullish
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, please give this a THUMBS UP and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. This is only trading opinion.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
=============================
Ethereum could potentially be forming an inverse Head & Shoulder pattern.
Breakout to the upside past the neckline (yellow trend line) could bring Ethereum up towards $4384 (measured move) coinciding with the high on May 12, 2021.
Watch the Key Resistance - Red Resistance Horizontal Bar above ranging from $3830 to $4030.
If Ethereum gets rejected at the Neckline - Yellow Trend Line, price could dip down to $2830.
Ethereum Bulls must escape the EMA Ribbon to reverse this downward trend (since Nov. 10th 2021).
If the Bulls manages to break out, Ethereum could revert back to the top of the ribbon to confirm it as support for further continuation of its upside price action.
4Hr Chart:
Ethereum above the EMA Ribbon
Stoch RSI (1Wk TF): Bullish
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader