Seems we are exp the start of a pull back. I have PTs set between $8450 to $8184 with entry at $8600. Pull back allowed me to scale in higher as well. If we end up closing below $8600 the 2 hour should confirm as well which could end up targeting original PTs even lower in the $7700 range. Looks like we didn't have enough strength to hit the 200 MA daily but we...
Similar to my ETH post gold and crypto markets are pulling back off calmer heads prevailing in the Iran/Trump conflict mean while DJI and SPX are on a tear. This is potential short trade that i am aggressively jumping based off Gold and ETHs pull back. Confirmation should come on 2 hour close in 40 mins.
Strong buying pressure on the bullish advance coming off support of the recent upward channel sets the stage for a nice ETH Long. Coinciding with BTC and Golds positive price action due to the increasing war tensions with Iran lays a positive path forward for the 2nd highest crypto market cap. PTs and entry are labeled on chart.
After a nice scalp trend had a pull back after a big dump signaling potential divergence. Renko signal for trend reversal is primed and ready for long. Additional indicators and potential long sqz on the 45m is in play for an average 5-10% move.