Ethereum got everyone's attention (and money) as it made an attempt to push 2200 on Friday, but no one seems to effectively address the risk. The 2000 to 2200 AREA is a high risk and highly vulnerable area for new longs. A retrace from this zone can see a test of the 1800s in the coming week.
The upper blue rectangle represents a proportional reversal zone. It...
Have a great weekend and profitable trades!
As we can see, the past ideas followed my direction. Today we will continue with yesterday's idea and will reach our goal.
As we can see, the support...
So we have a Daily Timeframe continuation correction to the upside which we broke impulsively then Price went to create LTF continuation correction for the entry. Very clean Price. Would take this setup 1000 times over.
After the correction of the current growth from $1545 the buyers took the initiative and are trying to pass the sellers' area of interest of $2020 - $2140
A similar situation was at the beginning of February before ETH entered a new price range and the growth cycle continued
We may search for an entrance in purchases in the range of $2085 -...
BTC Inverse Head and Shoulders breakout may have failed.
ETH breakout potentially following suit. Signals SUPPLY > DEMAND and probability of a sharp correction increases, due to crypto being a crowded, 1-way trade for the last few months. This is a contrarian call.
Showing price in both situations get rejected to the bullish side
This is normally seen with the one candle before a sharp recovery is made
Continuation is favored in a market as bullish as this
I am long ETH but not with ENJ