The_Clown_of_Smyrna

Critical resistance ETH

BINANCEUS:ETHUSDT   Ethereum / TetherUS
pretty straightforward here.



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Comment:
somewhat shallow, but near a .618 fib as well.
Trade active:
im going to be observing eth in the coming days for a rally to this 2.1k zone of resistance / support and if it flips with a deeper backtest to 1900 levels then i will try and plan an entry there based on a few 15min candle formatons.

otherwise i am going to ignore price action until this target is activated and i am alerted of crossing 2100~~
Comment:
getting there.
Comment:
today's rally has us in this zone, watching fo consolidations and backtesting. if it holds that is a great sign that we may be in a tansition to phase D of wycoff accumulation
Trade closed: target reached:
We are now backtesting the resistance as support, will be updating anything ETH related in more recent postings

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