Hi everyone !
So we can see that the drop happened and the decision was made, this makes everything a bit easier because we at least now have a confirmation on that this is a extended downtrend wave and we can set us up properly for the next price movments.
I'm a happy bear because i always like to collect cheap ETH, and I hope you have the same mindset here.
If you don't have this mindset, you should understand that that parabolics (large price suges) always ends like this, ETH is no exception.
However, I must admit that I saw a glimmer of hope initially, but I have always remained sceptical of another big run after such movement as ETH had in the recent months.
But since we profited of it it's all good, now we profit again off the bears and people who sell in panic, but we plan ahead and execute it without hesitation.
So, this is my set up for ETH the coming weeks, i will be using my other chart to get a bigger overview along with this one.
I will update this chart when we hit key price structures.
Next validation will be at the "support & breakout zone" i see a bounce coming there, which will be rejected at the green support line acting as resistance, if that rejection happens we will revisit the support and breakout zone again, if it were to break we should go for a more in depth analysis on how to finalize our position set up.
Good luck
So we can see that the drop happened and the decision was made, this makes everything a bit easier because we at least now have a confirmation on that this is a extended downtrend wave and we can set us up properly for the next price movments.
I'm a happy bear because i always like to collect cheap ETH, and I hope you have the same mindset here.
If you don't have this mindset, you should understand that that parabolics (large price suges) always ends like this, ETH is no exception.
However, I must admit that I saw a glimmer of hope initially, but I have always remained sceptical of another big run after such movement as ETH had in the recent months.
But since we profited of it it's all good, now we profit again off the bears and people who sell in panic, but we plan ahead and execute it without hesitation.
So, this is my set up for ETH the coming weeks, i will be using my other chart to get a bigger overview along with this one.
I will update this chart when we hit key price structures.
Next validation will be at the "support & breakout zone" i see a bounce coming there, which will be rejected at the green support line acting as resistance, if that rejection happens we will revisit the support and breakout zone again, if it were to break we should go for a more in depth analysis on how to finalize our position set up.
Good luck
Bình luận:
Since we exploded out lf this channel i would wait with going long for a bit, gonna update my analysis :)
Giao dịch đang hoạt động:
I put my money where my month is and entered a long at 561, however we should be cautious here, I put my stop pretty tight , around 540 because there is still a big risk that we will decline further to major support levels.
Bình luận:
Theory :)