AlphaBotSystem

ETH is Bullish, Waiting for a Long Entry

BINANCE:ETHUSDT   Ethereum / TetherUS
NOTE:
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SUMMARY:
We have found support after breaking above the trend line. Waiting for a confirmed long entry on the 30 minute.

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STRATEGY USED:
Silver Scalper
Trend Confirmation = Range MA
Entry Signal = Bull/Bear Power
Exit Signal = Bull/Bear Power OR Range MA


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DESCRIPTION:
1. Range MA is showing an uptrend (Green bar color) on ETHUSDT on the 30 minute chart.

2. Price has broken above the trend line and is now consolidating.

3. We are waiting on a Bull signal from Bull/Bear Power to confirm a long entry.

4. Looking at the range at R1 for potential resistance if price moves up.

5. Looking at the ranges at S1 and S2 for support if we go lower.
Comment:
We got a Bull signal for long entry off the trend line.
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