ETHUSD Update
Grinding lower again after day traders ahve bought the last
spike lower for the rally back to the upper parallel and then
sold off the line like good day traders are prone to do - and so
we see the price action we do here today.
Swing traders are left with the same options: Buy that break
above the upper parallel, it should be a good one when it
comes (you know the drill by now).
Other than that we have buy orders left at 446-444 range with
stops below 442 if struck. A waiting game. Do not be tired by
waiting.
Grinding lower again after day traders ahve bought the last
spike lower for the rally back to the upper parallel and then
sold off the line like good day traders are prone to do - and so
we see the price action we do here today.
Swing traders are left with the same options: Buy that break
above the upper parallel, it should be a good one when it
comes (you know the drill by now).
Other than that we have buy orders left at 446-444 range with
stops below 442 if struck. A waiting game. Do not be tired by
waiting.
Comment:
This beakout is really disapponting. if you bought on the pull back to the dynamic around 467 put a stop in under 466 or under 464 at lowest. Areal battle is raging around the dynamc but so far the bears are winning this. Look at those pin bars of rejection as it moves through the line ...chart not heart here
