ETH - long setup
Based on CMC ETH played a beautiful market structure pattern.
Both Fibonacci levels and Camarilla's pivot point strategy gave confirmation about this long setup.
Invalidation - if it breaks the structure and goes below 1608-1607. And still, if it happens, and still ETH follows the CMC structure, it should be made a V-shape bounce, so the loss could be minimized.
NOT FINANCIAL ADVICE. I AM NOT PROFESSIONAL TRADER.
Both Fibonacci levels and Camarilla's pivot point strategy gave confirmation about this long setup.
Invalidation - if it breaks the structure and goes below 1608-1607. And still, if it happens, and still ETH follows the CMC structure, it should be made a V-shape bounce, so the loss could be minimized.
NOT FINANCIAL ADVICE. I AM NOT PROFESSIONAL TRADER.
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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.