Ethereum
Panjang

Potential Bullish ETH 10 May 2022

88
The lowest point of today is around 2200
Currently we are at 2375and the highest point of today was on 2440

Based on this, there are 2 scenarios which can be applied, both bullish.
The reason behind the bullish recovery for today, is that yesterday we had a movement of almost 13% going down, so from historical prediction(not 100% accurate) we can expect that today today is going to be a bullish candle.

So for entry point we can see that POC volume area is around 2320 so based on this:

we can either wait and enter long around POC point of 2320, or we just enter now.

In both cases we can use the stop loss on 2290.

Penafian

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