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Hi traders, Ethereum is en route to breaking the previous lower high structure and you need to realise that breaking the lower structure high wouldn't be a signal to buy because most of time when a market breaks a structure in the market it retraces before going in that direction and in this case i can see the market coming all the way down to the lows before we take off and the reason is because this is a 123 strategy as part of a trend and that's how the market behaves when it's in this phase so look for shorts between 290-320 when the market gets there.
Good luck traders
Good luck traders
Comment:
My last forecast on Ethereum, how many of you took the trade????
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I could see it break to 400 and come down to consolidate just above this range too
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@OneFourOneTrading, Oh interesting, that's way higher than what i'm thinking but you never.....let's wait and see
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@Joseph_Yabwa, But you added another chart in the comment signaling exactly what I said
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@OneFourOneTrading, let @Joseph_Yabwa get liquidated. He might have to learn the hard way lol
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@MagicTruthCannon, I got my ass handed to me countless times in the market lol... learning the hard way sucks
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Yeah but that was a previous from months ago and price action and strategy changes most of time as the market moves
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@OneFourOneTrading, Then you don't know anything about 123 (as part of a trend) strategy
Here's a bit of education for you
Here's a bit of education for you
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@Joseph_Yabwa, Nothing has changed on ETH chart and, that chart is old.
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