Ethereum (ETH): Last Step For Perfect Entry | Wait For Last BOS

168
One of the best setups that has been working for us is BOS/Re-Test/BOS, where ETH is at the last stage to potentially give us an ideal entry for a long position.

The game plan is simple: we wait for BOS to form; once we get that, we are going to target the current ATH area near $4900 and then a new ATH, which we have been aiming for, of $5555.

Swallow Academy
Note
snapshot
ETH has been having a deeper re-test than we were expecting, yet hopes are not yet thrown away but rather we keep looking for the buyside dominance in upcoming 24-48hours.

Today we will have some Federal Funds Rate cuts, hopefully (by 0.25); if so, we will see a strong bullish candle and most likely form a new BOS.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.