Update from last idea:
previously we looked at a broadening falling wedge with targets of su[[prt and resistance, if you were to draw the same formation on your charts and follow the price movement the wedge was actually respected extremely well so I hope everyone was building their longs!!
we have seen some amazing price action on Eth the past few days I have been so busy trading my analysis blogs have gone out the window, will try keep it consistent so I have evidence and I have made pretty good calls so far so it's always good to be right!
currently I am watching this support turned resistance line here, price has just spiked up and I think many will think we are looking pretty good but we just came up and got rejected again. overall I think the green lines at 4385, 4175 and 4135 are all buying zones, tight SL on 4385 but the rest be patient, if we are going to correct 5-10% is done with ease and could be what we need to reset indicators before a boring weekend and pumpy Monday!!
will update tomorrow because we are at a very key level I am still long because I have equity and I am bullish but I took most of my profits I am hoping to scale up my trades if we drop lower.
previously we looked at a broadening falling wedge with targets of su[[prt and resistance, if you were to draw the same formation on your charts and follow the price movement the wedge was actually respected extremely well so I hope everyone was building their longs!!
we have seen some amazing price action on Eth the past few days I have been so busy trading my analysis blogs have gone out the window, will try keep it consistent so I have evidence and I have made pretty good calls so far so it's always good to be right!
currently I am watching this support turned resistance line here, price has just spiked up and I think many will think we are looking pretty good but we just came up and got rejected again. overall I think the green lines at 4385, 4175 and 4135 are all buying zones, tight SL on 4385 but the rest be patient, if we are going to correct 5-10% is done with ease and could be what we need to reset indicators before a boring weekend and pumpy Monday!!
will update tomorrow because we are at a very key level I am still long because I have equity and I am bullish but I took most of my profits I am hoping to scale up my trades if we drop lower.
