Players dumped ETHUSD on 10th of June(Sat) Asia session left a gap in US session. Price drop to our target Grid buy zone(Range trading). The US session gap might be filled recently. We estimate the market might test low again (Said 1720 or 1680, it is around 200 days EMA and SMA average range), and we plan to buy this test if nor more further dump.
This is not financial advice, this is just a personal record.
This is not financial advice, this is just a personal record.
Note
As per expected, It(ETHUSD pair) test low. Our hit and run away buy only order run away, and we are looking another Long opportunity.
Now it test 200 days Moving Average(SMA).
20 days EMA cross lower 50 days EMA. Both line are all going down.
Only 200 days MA still gong up.
Let's observe will it stop at 200 SMA or even test 1580-1600 region?
Note
as per expect a brief test 200 Days SMA(1631) to the low 1621, but fail.
Then rebounce.
Note
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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.