Look at these important levels for ETH
Updated
A person asked me to give ETH a look, here are my thoughts:
The value lines are centers of contraction zones
There are quite a few imbalances that could be filled.
The zones I marked with circles are points of contraction in momentum, this is often followed by a big move up or down.
The recent contraction in momentum happened above a daily value line, which means a long would be taken, for now I wouldn't hop into an ETH trade, but I would wait for either retracement to one of the imbalances or the Bullish Order Block. Make sure to look at momentum at each of these levels, you can make an alert at each price point
**TPI FOR ETH**
The trend probability for eth is still quite neutral, but we have seen a couple of signals
ETH also seems to be flat on its performance, compared to BTC, so you wouldn't be taking on much more risk by swinging longs on ETH than on BTC:
Hope this helps a bit
The value lines are centers of contraction zones
There are quite a few imbalances that could be filled.
The zones I marked with circles are points of contraction in momentum, this is often followed by a big move up or down.
The recent contraction in momentum happened above a daily value line, which means a long would be taken, for now I wouldn't hop into an ETH trade, but I would wait for either retracement to one of the imbalances or the Bullish Order Block. Make sure to look at momentum at each of these levels, you can make an alert at each price point
**TPI FOR ETH**
The trend probability for eth is still quite neutral, but we have seen a couple of signals
ETH also seems to be flat on its performance, compared to BTC, so you wouldn't be taking on much more risk by swinging longs on ETH than on BTC:
Hope this helps a bit
Note
Lower imbalances filled, and rejection off the Daily contraction zone (Value Line drawn in blue)Note
Imbalance was filled before we went down again:)
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t.me/ikkeomarfree
I can also pass funded accounts for you!
$50,000 accounts
Just dm my Telegram @IkkeOmar
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