ETHUSD Volume Profile Analysis ShorttermContinues upshift of the Volume Point of Control (VPOC) is signalising the acceptance of higher prices. If the current flag pattern upshifts the VPOC again it would mean the market likes the higher prices and it's time to move on to new highs testing the levels at 324$ and higher. If we break out to the lover wide the stop of this long trade would be at 290$ and 280$.
Profile
ETH/USD Longterm Volume Profile AnalysisDifferent targets and two scenarios are shown based on the Volume Profile of Ethereum since the start of the rally.
Scenario 1 is more sustainable and the probability is higher. There we are looking for a pullback to 260$ area and then the continuation of the rally.
Scenario 2 would be if the moves to the upside continues with this momentum we will see 358$ soon.
Buy BCR with Stop at 314.34 - Look for 10 to 1Buy at Market Profile Support....xpect 10 to 1 on rally