$ETH - Technical Analysis


Weekly
Last candle sweep old H then closed below it. I'm leaning toward P trading lower. P might fill some of last candle before doing so.

If P traded to the upper weekly FVG last week and closed like this, I would have more confidence. However, we have BTC chart which he equal Hs. Let's wait for more info.

If P trades to 0.5 of W W again, I will likely to look for P to trade lower.

This week we have 2 high impact eco news in one day. Fed rate and FOMC on Wednesday.


Daily
Last candle swept old L, then P closed 0.5 of daily +OB & 0.5 of old daily candle's wick . Looking for P to trade higher. Let's see how P reacts to newly created daily FVG.


H1
If P sweeps buyside, I will likely to look for short.

One thing to notice is P is consolidating. If P expands with momentum to the upside, It's likely to trade even higher.

I need more info from intraday PA to look for setup.
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