Hello there, now let's see what ETH chart had prepared for us.
We can see the global low and global high: 83 and 154. Both of them have no range after, it means that levels have not been tested as well yet. (TF-1D).
Going down to TF-4H. At this TF we have a range zone - 111 to 130. The borders I marked in purple and grey. If the price can go through one of them - it will be a nice signal to bullish or bearish market.
And we also have a middle-resistance zones, I marked them in light-blue. It's the las range zones, which can be a good resistance for bull movement.
So, the main question: where to buy and where to sell? I marked in red where you can short: if the price will drop to the orange line with the subsequent consolidation below that level - you can open a short. The black line - bullish scenario. If the price will test all light-blue resistance with good trade negotiation you can open a long by grey lines.
If you have any questions -- contact us in Twitter (link in bio)
We can see the global low and global high: 83 and 154. Both of them have no range after, it means that levels have not been tested as well yet. (TF-1D).
Going down to TF-4H. At this TF we have a range zone - 111 to 130. The borders I marked in purple and grey. If the price can go through one of them - it will be a nice signal to bullish or bearish market.
And we also have a middle-resistance zones, I marked them in light-blue. It's the las range zones, which can be a good resistance for bull movement.
So, the main question: where to buy and where to sell? I marked in red where you can short: if the price will drop to the orange line with the subsequent consolidation below that level - you can open a short. The black line - bullish scenario. If the price will test all light-blue resistance with good trade negotiation you can open a long by grey lines.
If you have any questions -- contact us in Twitter (link in bio)
Comment:
We reached first target, so you can close 50% of your position, and set a non-lose stop on other 50%