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Today, I want to talk to you about the Ethereum chart.
Price bounced of resistance level and made strong downward impulse.
Then Ethereum start moving inside of upward channel.
Moved my Stop Loss above these points. Previously my SL was at 1270. This would be a mistake.
Please note - be careful shorting the 0.618 here, it may well fakeout and fill institutional supply orders at the 0.707 retracement of "2" fib expansion
Two of our most used tools FloFi Trend, and FloFi X helped call this bottom via the double bottom patterns on both PRICE + FloFi X.
We should channel walk up to 1400 or so, and then another bear flag created for a drop again as you've seen us do over the last year consistently. There are so many ways to use these tools together - powerful!
Throw me a boost if...
eth broke out of the downward trendline and backtested it successfully, however, I wouldn't long here cause we are under resistance. the ideal scenario for me would be a pullback to VAL of the range and 0.5 fib retracement. 4h MS is nu shifted from bearish to bullish so I would DCA from 1130 to 1170 if we get a pullback with a stop below 1115. if we just pump from...
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(ETHBTC 1W Chart)
I need to see if it can close above 0.072484.
And, the key is whether it can continue its upward trend along the upward trend...
Hello TradingView community 🚀 and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
Today I want to talk to you about the ETH chart.
At the moment price break the structure.
Then, I think ETH breaks continue to move down to my goal.
My target is located at charts level.
Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
Guys, I closed the last deal with a small plus of 5-8% to the deposit, I will wait for the next entry points.
So far, I have identified for myself a zone of interest of $1120-1111, if the chart can come there again and test this range,...
If ETH breaks the resistance at 1230$, we should see a move towards the next key resistance which is at 1290$ .
Currently the price remains in the mid of the range. Pullback to the bottom of the range is still possible.
2 scenarios visualized on the chart.
Break below the support (green line) would be an invalidation . Stop loss in place is highly recommended ....
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I'm watching the resistance level, which is close to 1224, here.Depending on the state of the market, there will be two scenarios:Do nothing at all;simply await confirmation.
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Based on the chart, the price is close to the green trend line and the support zone ✔️📖
can see more gain to the upside from here or lower support area 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
If eth breaks below the trendline it will touch the fair value gap at 1157. There is also a resistance created by the previous highs.
Entry: break below the trendline
Stop loss: just above the previous high