ETH
4HR tightening range looks nice and clear going into the weekend. We have
Triangle, EQ on price action
Triangle, EQ on RSI
Breaking both would be more significant than just one
Daily
The bottom trendline can also be drawn on D going back 60 days. So thats a key one to hold for bulls
RSI trendline is also active
2144 is key Daily support below and will start a downtrend if we break it
Weekly
Uptrend
We had the bull break and now re-test of the breakout and weekly 8 ema, held. Good for bulls
We need to keep in mind the higher time frames weekly and monthly are uptrending, bullish, hence we would try and position for the weekly higher low swing trade when it presents itself.
4HR tightening range looks nice and clear going into the weekend. We have
Triangle, EQ on price action
Triangle, EQ on RSI
Breaking both would be more significant than just one
Daily
The bottom trendline can also be drawn on D going back 60 days. So thats a key one to hold for bulls
RSI trendline is also active
2144 is key Daily support below and will start a downtrend if we break it
Weekly
Uptrend
We had the bull break and now re-test of the breakout and weekly 8 ema, held. Good for bulls
We need to keep in mind the higher time frames weekly and monthly are uptrending, bullish, hence we would try and position for the weekly higher low swing trade when it presents itself.
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Stop loss in
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.