alikze

Alikze »» ETH | Rising wave

Long
alikze Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
In the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore,

🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more in the form of price, considering that the recent correction was a running zone, and then enter the upward phase.

🔰But the second scenario can break this wave of the region and continue the upward path after the pullback.

»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
Comment:
According to the first scenario, after not being able to break through the supply zone, it has entered the correction phase, which is moving to the green support box zone, which can continue the upward trend to the next zone by touching the bottom of the channel and confirming the return.

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.