Ticker: ETHUSD
Exchange: BITFINEX
Consolidation has begun, it's good, because this is an indication that this price is interesting for the big players and they consider it fair.
The question is, who accumulates the position? Buyers or sellers.
And we can understand this only after the impulse movement begins.
It is important for us to see what levels will break through - buyers level (support) or sellers level (resistance)
Also, do not take the break out/down level with one candle - like a true break.
the price exit from consolidation should be an impulse. If the price leaves the corridor slowly and without an impulse, with high probability this break out/down will be false
Exchange: BITFINEX
Consolidation has begun, it's good, because this is an indication that this price is interesting for the big players and they consider it fair.
The question is, who accumulates the position? Buyers or sellers.
And we can understand this only after the impulse movement begins.
It is important for us to see what levels will break through - buyers level (support) or sellers level (resistance)
Also, do not take the break out/down level with one candle - like a true break.
the price exit from consolidation should be an impulse. If the price leaves the corridor slowly and without an impulse, with high probability this break out/down will be false