TradesWhatElse

TradesWhatElse

Ena forms a 3 drive failure which could emerge into a trippple bottom. I see a relief bounce from here -> trigger: 2-3 consecutive closes on the hourly above trendline. From there any dip is a buy until first upper liquidity is taken. LVN (In the chart marked as HVN i guess) is the fierst trouble area. confluence with 200 MA on the H1.

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On a weekly perspective the price closed the first time above the 10/20 & 60 weekly HMA after consolidating for several weeks/month. A new Trend is formed and when correct price should start to expand soon. Ideally this week. Hard to tell how high it will go but a 1:1 extension of the current accumulation range is a solid first target. It will be important to...

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BTC ETF NEWS REACTION WILL PROBABLY LEAD TO A LITTLE BIT MORE CORRECTION ON ETH. Based on the ETH/BTC Pair we an expect bullishenss once the btc dip is over.

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HTF Support got flipped into resistance again due to the btc situation it is high probability that price will go down from here

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Daily Candle stick structure provides a daily fvg which acts as resistance for now. Based on the price reaction it will determine the destiny of bulls. For now bearish ms structure is king.

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Daily price action prints a clean bullish fvg which will ofer a great R/R opportunity to enter a long. Objective is the untouched weekly high but will cut realy if daily shows clean rejection

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Several days without stop hunt of the daily low increases the probability for a temporary correction. furthemore price entered the monthly C.E in confluence with a wmd trend wall which underlines the overextension thesis.

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If we assume further range environment price will revisit lower range levels again due to range environment principles.

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significant clean trend wall resistance increases the probability of a possible correction towards inefficient price action area.

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several rejection of the broken trend wall even a daily sfp could reinforce the bulls do break the trendwall to the upside trapped inventory should give enough fuel for downside action

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possible creation of perfect bearish breaker h1 close below will confirm momentum

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Price hit HTF POI On its upmove price left some gaps that could acts as a draw. H4 shows clear sign of short term reversal: H1 msb, IMH Creation Based on that IMH Creation I assume it to hold as lower high from which pric eshould start to expand lower

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reasoning: Weekly closed as SFP confirmation: On Thursday hourly structure accepted Monday High which increases the probability of upside expansion from here Draw: Atom has clean highs as draw

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weekly sweep h12 closes as sfp monday low = draw