the price bounce the EMA200 so tight, and the price is so close to the support line (the green),
our targets are EMA50(256), EMA100 (238).
- on 4H timeframe
ETH is trying to break the resistance line (the orange line). if the 4H cancle can close
higher than the EMA50 with a considerable to confirm as a rally comes.
=> our targets are EMA100 (244) EMA200(257)
- on 1H timeframe
we can see the support line (the red dotted line), after 2 times hit the support line, we hope it has corrected
enough to break the upper resistance line on 4H timeframe.
=> conclusion: ETH is so close to support price on many timeframes, but we still not yet received any
signal for short-term or long-term. what we need to do now is watching what the market will tell us ?
if 4H candle can close higher than EMA50 and that's a BUY opportunity
What do you think about my idea ?