30% measured move here on ETH will allow others to gain in the alternative coin world. Its simply on its way up and the structure is that of support for it.
Comment:
Following the break we have been holding previous resistance as support. It happens to line up as our "FO" or first obstacle or the 4hr chart at which is a good place to enter a trend in steep breaks. Im filled at 2030 and looking for $2500 as an easy target. 1hr structure looks ready.
Following the break we have been holding previous resistance as support. It happens to line up as our "FO" or first obstacle or the 4hr chart at which is a good place to enter a trend in steep breaks. Im filled at 2030 and looking for $2500 as an easy target. 1hr structure looks ready.
Comment:
Patience pays off and I didn't have any here. Not to worry because I still have confidence in this trade going to $2500 minimum and now adding $3000 as final TP. The big break happened clearly at the yellow highlighted horizontal and it was a simple S/R flip. Here we have a swing failure buy triggered and I drew some diagonals of which the top one will be tapped soon. Averaged down my entry to $1940.
Break happened and contrary to what was expected, it wasnt very nice for others. a least for the time being. A lot of alts hit levels people were hoping for to get in. I think we recover all ground lost and march even higher.