Hello friends here I am sharing the chart of Ethereum, so here I took the time frame of 4 hour as you can see the three different zone are there mentioned on chart (Resistance Zone, Breakout retest Zone, Demand Zone) So I am explaining my trading ideas for it below
IDEA 1-:
It will reach to breakout retest zone and will give a bounce from there to the resistance zone.
IDEA 2-:
If it will break support ( Breakout retest zone) and will got to next support mentioned as support 2 on chart and can go up for above levels after bounce.
-:Levels Price Are Mentioned Below
-:Breakout Retest & Support Zone ( Price 1916)
-:Resistance zone If Bounce From Support ( Price 2070)
-:Support 2 Zone ( Price 1833)
IDEA 1-:
It will reach to breakout retest zone and will give a bounce from there to the resistance zone.
IDEA 2-:
If it will break support ( Breakout retest zone) and will got to next support mentioned as support 2 on chart and can go up for above levels after bounce.
-:Levels Price Are Mentioned Below
-:Breakout Retest & Support Zone ( Price 1916)
-:Resistance zone If Bounce From Support ( Price 2070)
-:Support 2 Zone ( Price 1833)
Note
TOUCHED BREAKOUT RETEST ZONENote
GOOD GOINGNote
LOOKING A PERFECT RETEST DONE SO FAR, STILL SUPPORT NOT BROKENNote
TRY TO BOUNCE FROM SUPPORT 2Note
GETTING BOUNCE FROM SUPPORT TWONote
GOOD SHOT NO WORDS ONLY 'PERFECT' WHAT SAY?Note
RALLYNote
AGAIN GOOD BOUNCE FROM SUPPORT ZONESNote
Note
AGAIN TRADING ABOVE RETEST ZONES
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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.