Alex from our Slack group (who is on Tradingview posting a hell of a lot under 'solitz' btw, German top author) had first realized the on ETH: full kudos to him.
As I'm teaching my mentees, we don't want to trade solely based on . Why? Because it's always fuzzy: All traders will draw them differently. But on the other hand, all traders will recognize significant horizontal S&R zones inside the chart:
=> The orange dots show perfectly how the parallel of the get respected, up to the green Equilibrium range. So once we get the break out of the blue , we wanna see the break of the green horizontal too, in order to confirm the break of the previous lower Highs at $272. => This is your trigger.
So conclusion: now we basically have the chance to first go towards $300, and very important - if grandpa BTC can break the $10k and go towards $12k -definitely look for the upmove to the huge $350 S&R zone as I had analysed yesterday. If you didn't read that yet, I highly recommend that you do:
I wish you a great weekend global trading family! ;)
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