Possible buy opportunity!
Price and candlestick reaction will determine the direction of price for ETHUSD.
Analysis on ETH/USD
4H Demand Zone (Long Position):
- Wait for the price to enter the 4H demand zone (around $3,242-$3,260).
Look for bullish confirmation (e.g., bullish engulfing, hammer candlestick, or a reversal pattern) in the lower timeframes (15m or 30m) within this zone.
- Indicators to Watch:
RSI: Look for oversold conditions in the demand zone and overbought conditions in the supply zone.
Don't chase trades. Chase confluence!
Your trading career is going to thank you for it.
Analysis on ETH/USD
4H Demand Zone (Long Position):
- Wait for the price to enter the 4H demand zone (around $3,242-$3,260).
Look for bullish confirmation (e.g., bullish engulfing, hammer candlestick, or a reversal pattern) in the lower timeframes (15m or 30m) within this zone.
- Indicators to Watch:
RSI: Look for oversold conditions in the demand zone and overbought conditions in the supply zone.
Don't chase trades. Chase confluence!
Your trading career is going to thank you for it.
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