Watch for EMA50 rejection on the daily timeframe . Above $120 price action will be considered bullish / consolidatory.
Previously we explored an idea for a breakdown pattern. This invalidated idea can be found here:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Previously we explored an idea for a breakdown pattern. This invalidated idea can be found here:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Order cancelled
ETH's Santa rally contiunes!Note
Ok. Had a chance to revisit this and here's a new entry level. Targets are the same so I will keep this thread going. If we manage to stay in the "no trade zone" we can look to short ETH at $169 (which is the .618 on the daily). If we close the daily candle below the "no trade zone" then the confirmation level gives us a nice confirmation of trend continuation.Note
Note
:)Note
Rising wedge ;)Note
Watch for breakdownNote
Note
Note
Watch for short term bounce here.
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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.