Possibilities/4
NOT Financial advice!
. Be patient and decide your trade setup once resistance is claimed as support or support breaks from significant levels.
. Be cautious with possible traps/fake-outs, look for candle close in important areas on higher timeframes.
- If you look at the previous periods/patterns that I have marked in the chart, every time this pattern has come up, it has done the same(down to neckline/support -> small retest that fails -> breakdown; If same pattern would repeat then in the case for ethereum we will atleast see 1480-1500 -> retest the 1500-isch area -> breakdown to 1280-1300(where the CME gap is for eth) -> retest 1400-isch area -> .... | One exception would be that I have seen whereby it comes down to the neckline/support -> breakdown and then a retest of the top area wich was around the same area before it came down to the neckline/support
Goodluck!!
. Be patient and decide your trade setup once resistance is claimed as support or support breaks from significant levels.
. Be cautious with possible traps/fake-outs, look for candle close in important areas on higher timeframes.
- If you look at the previous periods/patterns that I have marked in the chart, every time this pattern has come up, it has done the same(down to neckline/support -> small retest that fails -> breakdown; If same pattern would repeat then in the case for ethereum we will atleast see 1480-1500 -> retest the 1500-isch area -> breakdown to 1280-1300(where the CME gap is for eth) -> retest 1400-isch area -> .... | One exception would be that I have seen whereby it comes down to the neckline/support -> breakdown and then a retest of the top area wich was around the same area before it came down to the neckline/support
Goodluck!!
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.