ETH scenarios for next few days
Updated
Eth tried to break ATH but somewhat failed to close convincingly. This does not mean it will not try again soon, but short term we expect price to hit a bit below 1100 level, then maybe re-test ATH depending on buying volume on that level. Alternatively it could fall to the 1000 level and consolidate there before slowly trying ATH again over the next week. I highlighted these 2 potential entries for a 4-5% daytrade scalp
If after bounce you get a candle close above the static resistance line, target 1 should be the trend resistance line. If candle closes convincigly above trend resistance line ETH goes to price discovery mode.
Overall after this ATH attempt I think we must wait and react accordingly.
Rep and like if you like this idea :)
If after bounce you get a candle close above the static resistance line, target 1 should be the trend resistance line. If candle closes convincigly above trend resistance line ETH goes to price discovery mode.
Overall after this ATH attempt I think we must wait and react accordingly.
Rep and like if you like this idea :)
Note
Buying of the dip according to entry/stop/target levels above, has been reached for a nice 4.69% profit. Now we wait to see if we bounce back to ATH attempt or we go for a second dip buying opportunity
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