Cortex_
Long

Bullish etherum but lacking confirmation

BITMEX:ETHUSD   ETHUSD Perpetual Futures Contract
Hello again. As for ethusd i had an entry below 215 that got filled, it's looking decent as long as it remains within the green box in the chart. You have two areas to confirm bullish trend . A move above 230-235 and holding in that range before going into the 270 resistance would be perfect. There is a decent chance for a short-mid term ethusd rally as long as it can clear those resistances pointed out. One thing to point out is there is a powerful liquidity zone between those two black lines just below the range, so no stop is safe above that, and closing below that range would be confirmed bearish . Will update if there is anything significant to note. Good luck all.
Aug 03
Comment: BTC has made it exactly to the top of the rejection zone afterall. Bulls to be very cautious here, a retrace is to be expected now with 10475 to be highest point of retest and 10078 lowest point of retest for bullish continuation. The intermediate zones remain 10120-10320. BTC is showing signs of a mini parabolic trend, but always know a retest of demand zones is alot more healthy than straight up. good luck
Aug 03
Comment: I am exiting the eth long position here, I am no longer comfortable with the current PA. I will re-enter on a confirmation only. Good luck all, sorry i accidentally posted the btc idea in the post before.
Aug 19
Comment:
if eth can clear this level with a nice expansion out, 205 will be very decisive for a nice trend upwards if broken and held, possible to 260ish. Specially after we hit the big stop hunt zone below. Need nice single expansion back to the green box. Good luck all
Aug 19
Comment: this would be perfect.
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