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WATCH OUT FOR $ETH
$Etherium
💡Focus your analysis on ethereum
It is showing potential for a strong bullish movement.
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🪂WHAT'S HAPPENING?
Price dropped breaking the falling wedge and reaching the support line outside the trendline,
after the massive drop and liquidity sweep(this is also a fakeout) , price shot up going back into the trendline.
The bullish movement was confirmed by the bullish pin bar which formed after a strong rejection at the support line(in the higher timeframe).
Due to the massive rejection, this confirms that the market is facing buying pressure, and since it is in the higher timeframe it will be bullish for the next coming days.
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☄️WHAT'S NEXT?
If it all goes well, the market will likely consolidate for some time, and do a series of liquidity grabs before it shoots going up.
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If you are looking for a long Buy enter at
2636.73.
First TP: 3048.26
Second TP: 3239.05
Set stop loss at 2432.00
↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️↗️
WHY IT MATTERS :
- This will give you a chance to recover lost funds.
-This will also help you buy ethereum while it is at a low price.
-It will help you make 💵💵💵💵💵.
Since this is a long term buy, you can take advantage and look for some short term trades in the lower time frame.
NOTE: The market is volatile, so make sure you enter, at the right point, and make sure your account is enough to handle any of the floating loss.
✨ BE ALERT and TRADE SMART, PRACTICE PROPER RISK MANAGEMENT.
ETH/USDT
Will give you update on the next coming days.
