ETHUSD - Sideways a bit then expecting a Breakout
- Formed a symmetrical formation to show an indecision for further correction or resume uptrend as following higher timeframe charts
- It depends on your trading style to call for an early bias when price breaks up with aggressive entry or passive one
- A break through to 770 would confirm an uptrend structure and price could go much further
- Anything below 770 still keep trend in consolidation and turn pattern into other forms such as ascending triangle - another consolidation form.
- You can trade in lower timeframe for Buying Low and Selling High during a ranging day like this
- It depends on your trading style to call for an early bias when price breaks up with aggressive entry or passive one
- A break through to 770 would confirm an uptrend structure and price could go much further
- Anything below 770 still keep trend in consolidation and turn pattern into other forms such as ascending triangle - another consolidation form.
- You can trade in lower timeframe for Buying Low and Selling High during a ranging day like this
Comment:
Remember if price breaks 719-720, if is very bearish then, and if it goes below 685 --> 600 is in range. Watch carefully price today
Comment:
Price is still in consolidation for daily theme, as I said we can use lower TF chart to buy low sell side in a ranging day like this. There is no real setup for this TF chart unless it breaks significant level
Comment:
Price is still trapped in the range, be cautious for any breakouts. Currently any biases for bull or bear are not valid because there are chances for bull and bear to form a new pattern of chart. So be very cautious for next moves until it reveals
Trade closed manually:
Please help to find new update for this bearish push in another thread today