Using multiple timeframe analysis and starting from the monthly timeframe, The monthly timeframe has been bullish but it just started a correction lately which has led to weekly and daily being bearish, with the recent bearish impulse of the daily, we have a point of possible reversal, which the lower timeframe will have to mitigate, using the four 4h as the lower...
After the strong bullish push of them, we are left with different points of possible reversal but I've chosen the most recent which is also the spring or a re-accumulation, that's the point we will be looking for possible entry
after the recent shift of structure on the daily time frame, there has been a point of interest left behind and as the market trades back into it, we should be looking for a kind of confirmation on the lower time frame to continue the bearish trend.
As we can see on the chat, ETH has been on bullish run lately, with increasing bullish momentum and breaking of structure, with the last point of liquidity cancellation and point of possible reversal, we should be looking for a confirmation to join the trend.
with the momentum and the recent shift of structure to the bullish side, we have two points of possible reversal where we can be expecting confirmation for buys.
After getting a confirmation from our first bearish point of reversal, we have broken structure to the up side thereby leaving a demand zone for possible entry, we have two areas to focus on, for both bullish and bearish confirmation.
N.B: this is not a financial advise
After the consolidation phase which was a wyckoff distribution, we had a swing which undoubtedly left an eax point of possible reversal, where we would be looking for confirmation to continue the bearish run.
