Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
When taking a look at ETH / USDT on the daily TF, we can see it trading in a massive parallel channel. After bouncing off the bottom of the channel, it made a strong move to close the previous day above the 9 EMA. This is a good sign of strength. An indecision candle has come into play based on the previous day, so it can fall and challenge the bottom of channel once again . If this does not play out then I can see it making another move to the top of the channel, challenging the previous ATH once again. Lets watch closely. ETH is currently trading very high and entering a long right now is very risky.
This is not Financial advice.
Safe Trading, Calculate Your Risk/Reward & Collect!!
Simplicity Wins
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
Lets keep it simple.
When taking a look at ETH / USDT on the daily TF, we can see it trading in a massive parallel channel. After bouncing off the bottom of the channel, it made a strong move to close the previous day above the 9 EMA. This is a good sign of strength. An indecision candle has come into play based on the previous day, so it can fall and challenge the bottom of channel once again . If this does not play out then I can see it making another move to the top of the channel, challenging the previous ATH once again. Lets watch closely. ETH is currently trading very high and entering a long right now is very risky.
This is not Financial advice.
Safe Trading, Calculate Your Risk/Reward & Collect!!
Simplicity Wins
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.
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.