These ETH Bulls Making Bears Fools 🤡 | ETHEREUM ($ETH)
🕵️ Vatalik's call for enhanced Ethereal privacy was met with Umbra, a way to mask recipient addresses on Ethereum. That is bullish. Speaking of which, looking at the chart, I wouldn't be surprised that Vatalik also called for some sick ETH gains. ETH has been showing constant strength since the COVID crash, so far our ETH calls have been solid, let's see if we can't get another great ETH long setup.
Resource: decrypt.co/30516/ethereum-developers-build-a-way-to-make-stealth-transactions
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1. Fractal Trend is showing an uptrend (Navy colored bars) on the 4-hour timeframe. This is indicative of the continued strength ETH has been showing.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines).
3. The play here is to take a long position at the S1 S/R flip + orderblock cluster with a target of the R1 bearish orderblock + previous swing high. With that in mind, we see a similar price action pattern showing up here, and while the pullback to our entry seems quite substantial, I bet everyone thought that when it first happened from 190 - 160.
4. Our stop loss is placed just below S1 as this play is all about seeing a continuation of strength and a retest of local support as opposed to a retest of the previous range.
Good luck fam!
Resource: decrypt.co/30516/ethereum-developers-build-a-way-to-make-stealth-transactions
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
1. Fractal Trend is showing an uptrend (Navy colored bars) on the 4-hour timeframe. This is indicative of the continued strength ETH has been showing.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines).
3. The play here is to take a long position at the S1 S/R flip + orderblock cluster with a target of the R1 bearish orderblock + previous swing high. With that in mind, we see a similar price action pattern showing up here, and while the pullback to our entry seems quite substantial, I bet everyone thought that when it first happened from 190 - 160.
4. Our stop loss is placed just below S1 as this play is all about seeing a continuation of strength and a retest of local support as opposed to a retest of the previous range.
Good luck fam!
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