Hi everybody !
ETHUSD is showing signs of increasing purchasing power and this is the reason why I made such a comment.
1 / EMA 200 H4 frame is sloping up showing that the main trend is uptrend
2 / Observing the recent trend on the chart we see that ETHUSD has three times touched the 200 ema line and turned on the possibility that bigboys want to push the price...
This is the setup for sell limit or if you want to sit and watch the market.
About this setup, why did I sell at the top like that.
* In trading, waiting is important.
1. current price is falling but facing strong resistance (horizontal bar) but it has had 4 times to touch and rebound.
2. The yellow trendline has 2 touches and if touching again it is likely to...
The area 9500 - 9600 is now a strong resistance, this is a fairly bold setup, please consult and decide.
* This strong resistance level has been tested many times and cannot be overcome.
* 1 sell order at this time is risky but for reward worthy.
* The entry area is a horizontal bar showing resistance.
* SL is the red area
* TP is the green area as shown.
The H4 frame shows BTC moving in a bear flag pattern, which is a bearish pattern. The square I drew is the price range
This model should be noted on the sell side.
* If the price goes above the upper channel, don't take sides because it is not clear
* If the price crosses the lower channel with a big candle, please click on the command or wait to pullback to the...
In the D1 frame, there appears a discounted athlete's model, so consider to enter the sell order
* Sell now or wait until the price breaks the pattern's leg
* The best SL stuck on top of the trend
* The ideal target city is 1560
Good luck to you all
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