ETH.BTC (Y21.P1.E11).Looking to go long entry

Hi Traders,

Continuing off from the this post, we have more of an understanding of the dynamics in the pairing.
ETH.BTC (Y20.P6.E3).The missing piece?


The way I see it, there is 2 bullish scenarios and each has logic around it.
The third scenario is the bearish one, where we lose the support level and\or holding onto the structures outlined.

snapshot

MY THOUGHTS:
For now, the daily indicators do show more downward pressure.
WT\Stochastic and Phoeix indicators, as highlighted as a fractal from a previous dip and bounce.

So its likely to drop more and hit the bottom of this long term trend line, in black which supported it once and\or the orange line.

snapshot
snapshot

All the best in trading,

S.SAri

PREVIOUS ETH POST.
ETH.USDT (Y21.P1.E10).Looking for the next entrance level?
Chart PatternsETHETHBTCEthereum (Cryptocurrency)Technical IndicatorsTrend Analysis

Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Also on:

Related publications

Disclaimer