Zooming out on ETHUSD I made the following observations.
- We are facing a weekly resistance for the 3rd time but this time price ran up to the Supply Zone
- Considering the 3 hits at the resistance taking a swing short position is not the most optimal setup
- Long have high probability in the Daily support
- Considering the ascending trendline there could also be a sudden dump to new lows if we lose this D support
- If we can hold above SZ1 EQ we can run to the next supply zone
- We are facing a weekly resistance for the 3rd time but this time price ran up to the Supply Zone
- Considering the 3 hits at the resistance taking a swing short position is not the most optimal setup
- Long have high probability in the Daily support
- Considering the ascending trendline there could also be a sudden dump to new lows if we lose this D support
- If we can hold above SZ1 EQ we can run to the next supply zone
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-Charts
-Education
-VIP trade calls
-AI Trading
Binance reg.link: www.binance.com/?ref=36253371
Join our Discord: discord.gg/nqSJFKc
Make a Tradingview account: tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=13523