either we bounce for a strong support or we test the 200MA.
ETH at an important moment
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we broke trough it, less see if we have a weak and go back or this become resitence know . if it becomes resitrence 180 will be the target.bellow that will be dangerous.
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we bounce nicely and see if we restest 100MA around 232 range.
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shorted on the top of the resitence, to early to say see if we retest tjhe 100 again or we test teh long trendline resistence again
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there is a chance of inverse head and shoulder, see how the next 8 hours develope
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Trade closed: target reached
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we reached the support again
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after reaching the support again we are trying to make a inverse head and shoulder to test the 100 MA again. if we fail we probably will break the support.
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so close of breaking inverse head and shoulders hopefully it doesnt break.
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so inverse head an shoulder broke and we tested the support again, dint break, know in a rising wedge , if we break it to the upside i think the 100MA will break, if we test the support a 5 time i think we will break it this time.
the market is always teaching us, thanks for sharing your idea, i also give a lot of valuable content go check it out i'm sure you would like it
luissjp
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@transparent-fx, thanks , rigth know we broke to 50 MA and 100MA tested both as resitence and went down but could be a weak, this resitence is since february