Tricky Ethereum ETHUSDT Position
Updated
6 hours ago ETH just Break out its hourly MA 20 and MA 50, but after going forth and back I find ETH price position is Tricky today.
If this Price trend keep going up then after 3,531, ETH will go to 3,607 Resist Price. Thats is just 2.15% Long Profit.
but If Price trend turn back down, ETH will reach 3,470 a 1.73% SHORT profit then to 3,409 as its Support Price add more 1.76% SHORT profit.
This Tricky position is low profit chance. I won't suggest open any position for this ETH today.
It is better to watch Hourly Volume reach 100K before open any position.
I will Update again.
If this Price trend keep going up then after 3,531, ETH will go to 3,607 Resist Price. Thats is just 2.15% Long Profit.
but If Price trend turn back down, ETH will reach 3,470 a 1.73% SHORT profit then to 3,409 as its Support Price add more 1.76% SHORT profit.
This Tricky position is low profit chance. I won't suggest open any position for this ETH today.
It is better to watch Hourly Volume reach 100K before open any position.
I will Update again.
Note
after 10 hours Price Movement. ETH go down as its RSI in Selling Pressure. I expect wait until RSI reach 60 and wait for Volume over 100k. if this happen then LONG position will profitable later. I will update again if this sign happen.Note
2 hours ago. RSI just reach 60 and Price moving Up. but there Volume still not reach 100K. but market show expectation of LONG position.Order cancelled
This last 12 Hours Price movement, go outside this Uptrend Pitchfork. Lets not Trade using this Strategy. I suggest to cancel any position based on this Idea. Better be Safe. Then give me sometime to Analyze this new Price movement. I will post new ETHUSDT idea later. End of this Tricky ETH Price
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