ETHER on the rise, few buy scenarios

29 mar 2022

Hello traders:

Few weeks ago I was more looking for a short term move down on ETH before the bigger, longer term up move.

Price didn't end up confirming any bearish price action to enter short, instead,
we are seeing some strong bullish impulse phrase from the lower time frames.

We can see the latest development has shown the previous high is broke above now.

Now we can either wait for lower time frame continuation correction to look for buy entries.
or
if bullish continuation correction does not form, instead a bearish drop down, then wait for price to hit the previous lows,
and if price develop bullish reversal price action, then still look for the buys.

Thank you