Hey guys, 1PERCENT here.
Please do hit the like and follow button if you found my posts useful :) Thanks in advance.
Now let's take a look at the Ethereum chart which could help us look at the direction of the crypto market.
Ethereum has been on fire with a gain of around 28%. This was totally predictable if you guys were following my post where I mentioned that we are bullish short term if Bitcoin reclaimed $32280.
As you can see we are currently hitting a confluence zone full of resistance. This is the time to start taking profit and look for short setups or wait for longs on a pull back.
If we do get to break the yellow trendline and give a bullish retest, this will start looking bullish and I will update accordingly.
The blue support zone will be the ideal place to load for a long with a good Risk to Reward ratio.
However do becareful to not marry a bias since we are still range bound without a clear direction. Playing level to level is crucial.
Hope this post helped you :)
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
Please do hit the like and follow button if you found my posts useful :) Thanks in advance.
Now let's take a look at the Ethereum chart which could help us look at the direction of the crypto market.
Ethereum has been on fire with a gain of around 28%. This was totally predictable if you guys were following my post where I mentioned that we are bullish short term if Bitcoin reclaimed $32280.
As you can see we are currently hitting a confluence zone full of resistance. This is the time to start taking profit and look for short setups or wait for longs on a pull back.
If we do get to break the yellow trendline and give a bullish retest, this will start looking bullish and I will update accordingly.
The blue support zone will be the ideal place to load for a long with a good Risk to Reward ratio.
However do becareful to not marry a bias since we are still range bound without a clear direction. Playing level to level is crucial.
Hope this post helped you :)
Stay safe out there and always keep your stop losses if you're trading.
Keep your dreams real.
1PERCENT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.