ETH dumped this week. Whats is coming next? ETHUSD
As per my previous post ETH hit nicely the red short zone and dumped fast. Unfortunately I did not take the short as had no time to monitor PA. Hence lack of time I had no chance to review the market earlier. But the plan went well and target hit from the long I had. Shame on the short I didn’t catch it.
Also we still have some stops resting bellow at the red X from the move up towards the ATH. IMO if we have a small bounce up at the beginning of the next week this will be for short as I think that we will see price go lower.
The 4k zone is still a support and the 4500-4600 Resistance.
Lose the 4k zone and I want to see price go to 3500 hopefully to 3200 for nice, discounted price. As mentioned previously on the W we will still have bullish MS even with the price at the 3200 zone. Loose that I will make new plan.
So long story short: Reclaim 4500-4600 Look for longs and long towards new ATH. Loose 4k short to 3500-3200. Any bounces for now are for shorts IMO.
A bounce towards. 4400 I would look for shorts with a SL above last high at 4550 ish targeting lower zones as per my chart above.
Also we still have some stops resting bellow at the red X from the move up towards the ATH. IMO if we have a small bounce up at the beginning of the next week this will be for short as I think that we will see price go lower.
The 4k zone is still a support and the 4500-4600 Resistance.
Lose the 4k zone and I want to see price go to 3500 hopefully to 3200 for nice, discounted price. As mentioned previously on the W we will still have bullish MS even with the price at the 3200 zone. Loose that I will make new plan.
So long story short: Reclaim 4500-4600 Look for longs and long towards new ATH. Loose 4k short to 3500-3200. Any bounces for now are for shorts IMO.
A bounce towards. 4400 I would look for shorts with a SL above last high at 4550 ish targeting lower zones as per my chart above.
Trade safe, stay safe and do not over leverage.
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