I would advise any retail investor to research financial instruments extensively before investing hard-earned money.
Buying USO shares is not the same as 'longing oil'.
There are different ways to increase exposure to the WTI crude price, take these into consideration and map out a plan.
Trade safe and good luck!
Descending triangle into support.
Break the descending triangle upwards and retest it succesfully or further consolidation above support would have me buying.
Looks like we're temporarily bottoming out a bit here at 5850.
Overall, doesn't look too hot, though.
If we manage to flip the daily S/R level at 6000, a play towards 6360 might be worth a shot.
That being said, if we revisit and manage to hold the weekly range low, I will be buying the shit out of this.
Looking at the higher time frame on ETH/USD, there are two key pivots for me.
Below ~155 would have me looking for swing shorts, while above ~165 for swing longs.
Below ~99 (range lows) is a heavy spot buying zone down to ~80 dollars (2019 lows)
Lose that and we're F'ed.
Looking at the higher time frame on ETH/USD, there are two key pivots for me.
Below ~155 would have me looking for swing shorts, while above ~165 for swing longs.
Below ~99 (range lows) is a heavy spot buying zone down to ~80 dollars (2019 lows)
Lose that and we're F'ed.
