ETHUSD back with a consolidation && a vengeance: The Sequel

So if the C&H And rapid volume surge are any indication as well as my non-financial advice pertaining to the parabolic surge for BTCUSD after we crossed 8600 resistance for us to hit 10.6 K within a short timeframe of 48 to 72 hours and we did exactly just that.

I would anticipate that we would do the same right now after watching ETH consolidate; As usual CB is acting funny when A bullish volume divergence of confirmations == validates technical analysis.

Please read all disclaimers; never invest more than you can afford to lose!

• Targets 1-2 and bullish 3 posted on chart.
  

Stop loss set at 294.80.


Leverage 10X.

Trade safely everyone!

Trade active:

M top suggests a quick volume drop down to pivot point (blue line) before we can expect to see some sort of correction/ parabolic reversal carrying us to target $329.80

Too much FOMO & even more FUD! Let the market run its course.

• Sometimes no entry == best entry.

Trade active:

• As shown in chart above; we had our volume drop down to pivot line as anticipated in my update 6hrs ago; so far so good as we are on track with the reversal underway as we speak.

• Trade Cautiously!

Stop @ $302.78if we can’t get the traction/RSI/SQZ necessary to break through R1 / S2 to R2, though so far my updates and original TA have been accurate and I am pulling an all-nighter as I have an early morning meeting so I’ll be up and ready to update for any sudden anomaly that may or may not occur.

Comment:

• Err... or rather; as shown in the chart below***

Chart for update above

Trade closed: target reached:

Complete volume down and pivot point crossed; bullish continuity should commence as volume accumulation picks up slowly but quickly will gain the necessary momentum for Target short.

• Remember to set those stop losses !

Trade active

Trade active: