We are looking at ETH on a longer TF. If we can't hold this area, we can expect to fall as low as $2445.00 before finding relief. However, if we break above the stop, I will consider a long to $3200. MACD Cross on the LTF bearish momentum. We need to see some buying volume here. BB%B shows us we can come down more. BB may have widened too much. We can see a scenario where we break below the middle band (which acts as the SMA 20) and hug the lower band until we find strong support.
Best wishes CHADIANS
HONEYITSGONE!
Best wishes CHADIANS
HONEYITSGONE!
Trade closed: stop reached:
Well that was short lived. Considering a long here with tight stop before going to bed. Too many scalps today. I have over extended my stay here. Good night, I hope you unlock all the riches in Valhalla.
You can now tell her HONEY ITS GONE!
Best wishes,
HONEYITSGONE!
You can now tell her HONEY ITS GONE!
Best wishes,
HONEYITSGONE!
Comment:
Around $3120.00 might be a better idea to enter if we don't continue downwards from here. I am going to sleep for real now good night.
Comment:
$3126 LH, if you took a short from $3120, congrats. There was a break in structure on the LTF(1hr), followed by a double bottom, rejected at resistance. Working our way towards support, I wouldn't test a long on that third tap towards support because we are potentially facing a continuation to the downside on the LTF.
