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jojofang0901
Mar 29, 2022 2:32 AM

ETHER on the rise, few buy scenarios Long

Ethereum / U.S. dollarBitstamp

Description


Hello traders:

Few weeks ago I was more looking for a short term move down on ETH before the bigger, longer term up move.

Price didn't end up confirming any bearish price action to enter short, instead,
we are seeing some strong bullish impulse phrase from the lower time frames.

We can see the latest development has shown the previous high is broke above now.

Now we can either wait for lower time frame continuation correction to look for buy entries.
or
if bullish continuation correction does not form, instead a bearish drop down, then wait for price to hit the previous lows,
and if price develop bullish reversal price action, then still look for the buys.

Thank you
Comments
MR_KOBI
Nice analysis
PeterGersi
Perfect Thanks
UnitedSignals
Thank you for posting!
Babenski
I agree with this chart
jojofang0901
@Babenski lovely
Investroy
Nice chart, buddy
jojofang0901
@Investroy thank you
MiriamRapoport
Like it!
jojofang0901
AtlasTrades
I agree with your opinion, ETH/USD can go much higher
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