ETH did make an extremely bullish run phrase. What I am looking at the support area (white box), where ETH needs to find some “last hope in support area”, that could likely be a great LONG chance.
I’d consider that while ETH broke out my Pitchfork channel price on 13 April, that could be a signal for the new price action phrases in ETH.
Market structure: Super bullish, parabolic. 2000-2150$ (below this area, this trade could be reconsidered or even invalid)
Entry: 2000 – 2180$
(looking for a strong candle patterns, rejection in price action, at the demand zone, BE CAREFUL cuz there is a risk that ETH could make an impulsive RED candle to retest its EMA 200, yellow line below)
Stop loss: below 1900-1950$.
Taking profit:
• Target 1: 2300-2400$
• Target 2: 2500$- last ATH
• Target 3: new ATH (however I tend to be less positive in ETH, due to the bad signs from BTC and Crypto market OVERBOUGHT conditions).
What if we just create an equal high or even a little bit higher than the previous high + RSI MACD divergence >>> BIG SHORT is perfectly timing.
The main bias in ETH chart is still bullish, however a big correction is necessary in last May or June to attract more buyers in the demand zone (below 1700-1900$)
Thank you for any comments and sharing.
I’d consider that while ETH broke out my Pitchfork channel price on 13 April, that could be a signal for the new price action phrases in ETH.
Market structure: Super bullish, parabolic. 2000-2150$ (below this area, this trade could be reconsidered or even invalid)
Entry: 2000 – 2180$
(looking for a strong candle patterns, rejection in price action, at the demand zone, BE CAREFUL cuz there is a risk that ETH could make an impulsive RED candle to retest its EMA 200, yellow line below)
Stop loss: below 1900-1950$.
Taking profit:
• Target 1: 2300-2400$
• Target 2: 2500$- last ATH
• Target 3: new ATH (however I tend to be less positive in ETH, due to the bad signs from BTC and Crypto market OVERBOUGHT conditions).
What if we just create an equal high or even a little bit higher than the previous high + RSI MACD divergence >>> BIG SHORT is perfectly timing.
The main bias in ETH chart is still bullish, however a big correction is necessary in last May or June to attract more buyers in the demand zone (below 1700-1900$)
Thank you for any comments and sharing.
Note
Waiting for LONG in ETH: As I said, ETH is still holding above the Swing low, no Lower Low at the moment, even though BTC and other Altcoins made a huge drop to retest the their support areas. ETH is one of the best positive chart I could see in the Top 10 coins.
Note
First Target 1: ReachedNote
Second Target 2: ReachedNote
Third Target 3: Reached, new ATH.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.