Looking for an entry at 2125 +-
News set aside and general market mania, it was relatively expected that ETH had extended itself in the volume profile. Looking for confirmation for entry (RSI or a long rejection wick).
Happy trading,
Jerome Powell has suggested inflation is "likely to rise as the economy recovers". The question is, will BTC be seen as a inflationary hedge spurring up demand in the near term? Or, will we meet the red resistance line and face rejection? Lets see, but overall, economic circumstances as well as tastes and preferences have shifted and we are relatively early in...
Technically; Asceding channel, near support, bounce at fib, low RSI, and nearing ichimoku crossover (not pictured, it would have been really messy)
Lets see
4H Ichimoku is looking extremely bullish for a swing trade
-Lagging span is running super-wide
- Crossing of conversion line above baseline
-Kumo cloud beneath price.
-Stop is placed at profit target #1
hoping for profit target #2
