ETHUSD having a retracement and going towards the upside?
Updated
ETHUSD broke inner trend line on a short-term downtrend. Then, broke to the upside then created lower lows.
On higher time frame, doesn't show any sign of reversal, stick with upward trend.
Potential long entry between 1610 and 1590 with stop loss below 1580.
Best to give a little more breathing space up for stop loss to 1550.
ETH is picking up real fast! What are your thoughts?
On higher time frame, doesn't show any sign of reversal, stick with upward trend.
Potential long entry between 1610 and 1590 with stop loss below 1580.
Best to give a little more breathing space up for stop loss to 1550.
ETH is picking up real fast! What are your thoughts?
Note
Price has broke 1600, a significant price point.Watching for either -
1) the 1560 rebound off the trendline, or
2) a hold at 1600 support, and a closed bullish candle on 15min
Time and again, the market reminds me that patience is super important.
Note
Market did rebound on an 1 hour based on candle body on the rebound line. Doji candle after the pin candle on rebound was the entry time. Otherwise it needed a further stop loss as it dipped as low as 1491.
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