Panjang

Current ETH structure 2.6.21

Oleh BTCilyKandinsky

Telah dikemas kini

3 possible path i see playing out here. Manage your trade with possible structures.

Nota

Needs to close above 1630 on the 4 hr to keep bull trend in tact or we will likely see further downside.

Nota

Closed above 1630. I think we range for another day before we make a move out of this current range.

Nota

Bullish green rejected.

Nota

Looks like we're going to purple path. Manage your trade. Slight 4 hr bear div printing on the RSI.

Nota

Bearish divergence denied. Looks about time to long your longs. Manage accordingly.

Nota

RSI holding trend line so far. Upwards consolidation.

Nota

Again some bearish divergence. The apex of this move should play out soon.

Nota

Apex of this move. February 15h. I'm still bull bull bull, but just being cautious here. Watch for closes below the trend line to signify a reversal/correction. Hoping it still follow the purple line.

Nota

RSI breaking out to the upside!

Nota

Price and RSI needs to hold here to parabolic ascent.

Nota

Possible leading diagonal in red. Parabolic ascent in green. If you're in it manage your stops accordingly. If you're waiting to buy, possible opportunity incoming.

Nota

Looking rather suspect. This recent drop did trigger a lot of stop right above 1655. If it want to move higher it needs to do it here. Otherwise I think we see a good sized correction. Hope you have some dry powder to long your longs.

Nota

Given what BTC is doing, we can only assume that ETH will catch up. It's been ranging for longer than I expected. I expect (hope) to see a big mark up soon.

Nota

RSI looks good. It's been a slow mover, but finally moving up. Strong support at 1750 area.

Nota

Still closed in the wedge. Let's see if this can hold. Otherwise we go on for a little downward journey.

Nota

Sitting on RSI support. Hold here or the downward journey starts. POC is sitting at 1200's for this structure.

Nota

Also volume has been drying up a bit on the rise up. We need some serious sell volume to kick in for a bit of a reset imo.

Nota

Not a good close. I think the trend is over for now and correction is in order. Closing this trade.

Nota

Daily break.

BTCilyKandinsky

BTCily Wassilyevich Kandinsky (16 December [O.S. 4 December] 1866 – 13 December 1944) was a Russian painter and (ch)art theorist.
Kandinsky is generally credited as the pioneer of abstract (ch)art.

Juga pada:

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.