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Ellionator
Jan 12, 2021 5:05 PM

Possible trade on ETH - long or short on confirmation 

Ethereum / U.S. dollarBitstamp

Description

ETH looks more likely to go up, but there are two direction opportunities on ETH coming up.

Comment

You can wait for confirmation of support. I entered a long at 1170 as a reaction to BTC forming a W shaped recovery with good structure.

Comment

The set up with confirmation is coming!!

Comment

Testing former resistance as new support!
Comments
TheSignalyst
Which one do you prefer?
Ellionator
@TheSignalyst, Hi see higher probability in the long trade given the macro trend. But wait for confirmation. So we want it to break through resistance, retest the former resistance as new support, and when we see it breaking up from the new support it is a good long. As drawn.
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