Akaroz

Akaroz

We can see the fibonacci 0.5 retracement also lining up with another support/resistance line. Fairly risk-free 10% profit buying the retracement. On the last ATH run 4 days ago, there was also a perfect bounce on 0.5 fib level for a 20% swing, and then another bounce on the 0.618 for a 20% swing. I'm planning on trading these same pullback levels with this new...

Akaroz

This is the hourly chart where we can see a very clear bull flag over the past 3 days, along with a breakout from that bullflag in the last 5 hours. If you switch to the 6h chart, you will also see a very strong engulfing green candle. On the 12h and daily chart, you will see a strong hammer candle. All timeframes are telling me one thing: There will be a new ATH...

Akaroz Updated 

We can see lower highs and lower lows forming in all short term timeframes. Unless ETH breaks this descending channel in the next 1-2 days, the eth bull run is over (normally a 2 day retracement is not a bad thing after such a bull run, but considering Eth futures launch on 8th Feb... Expect very high volatility). I highlight a potential small daytrade long entry...

Akaroz

If you did not enter at the start of the breakout, do not FOMO and do not try to catch the ATH run in the middle of it even if you are bullish. Wait for a pullback and enter at a low risk, safe level. In the last few hours, I see more volume on the red candles than the green candles (hourly chart). Which is telling me that a pullback is coming. We can see below...

Akaroz Updated 

Eth tried to break ATH but somewhat failed to close convincingly. This does not mean it will not try again soon, but short term we expect price to hit a bit below 1100 level, then maybe re-test ATH depending on buying volume on that level. Alternatively it could fall to the 1000 level and consolidate there before slowly trying ATH again over the next week. I...

Akaroz

Overall I believe ETH is correcting, due to low volumes and failing key resistances multiple times. However, I think there are buy opportunities on first pullbacks off decent supports on the way down for small, short daytrade gains (as outlined in the chart). I expect prices to go near 900 again within the next 24h which is a decent entry for a small...

Akaroz

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Akaroz

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Akaroz

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