ETH has been dead for the past few weeks, but here is a possibility that may play out if we follow Market Structure.
The short position I have is a thick resistance. We have a golden pocket within the range Point of Control. I do expect to get a reaction on that resistance if we manage to climb up to it.
The Long position is weak. If this long does play out, I expect a slow reaction off of it unlike last time where we just tapped it.
If we break lower, there is liquidity around 1080ish. I will post another chart if we break this level.
Enjoi...
The short position I have is a thick resistance. We have a golden pocket within the range Point of Control. I do expect to get a reaction on that resistance if we manage to climb up to it.
The Long position is weak. If this long does play out, I expect a slow reaction off of it unlike last time where we just tapped it.
If we break lower, there is liquidity around 1080ish. I will post another chart if we break this level.
Enjoi...