These are levels that I'll be keeping an eye on when dealing with ETHUSD, and I'll revise as price action progresses.
I adapt to the change in money flow.
*P.A. broke above S/R & D.T. formation (bullish sentiment)
*P.A. showed rejection @ $4870
*Potential bullish continuation @ $2650 - $3433
I'm bullish, but I would be looking to see if price will retrace to the new range ($2650 - $3433) that formed from the higher perspective. Last week's weekly candle showed promising rejection in bullish fashion to the range, so I would scale inside certain time frames in order to see new price formations and wait.. Any fundamentals that may happen to drop will only expedite the inevitable.
Just my thought's and nothing more, nothing less. We shall see..
I adapt to the change in money flow.
*P.A. broke above S/R & D.T. formation (bullish sentiment)
*P.A. showed rejection @ $4870
*Potential bullish continuation @ $2650 - $3433
I'm bullish, but I would be looking to see if price will retrace to the new range ($2650 - $3433) that formed from the higher perspective. Last week's weekly candle showed promising rejection in bullish fashion to the range, so I would scale inside certain time frames in order to see new price formations and wait.. Any fundamentals that may happen to drop will only expedite the inevitable.
Just my thought's and nothing more, nothing less. We shall see..
Comment:
I believe price is about to visit the $3343 level which is the start of the range I initially mentioned in this idea.
Bearish continuation @ $4548 - $4660