ETH - Ranges overview
Similarly to BTC, ETH is currently sitting at a crucial level for its weekly close.
ETH currently trading at the highs of the range.
Two simple scenarios and plans seem to be forming.
IF we manage to break and hold the highs we should expect pa to head towards 2200$ and most likely higher. Bears should in my opinion be liquidated pretty easily and fast
IF we fail to hold the current high we should expect pa to hunt the liquidity sitting around 1865$ in the best case scenario.
Will continue to tape read BTC and ETH for you guys and will get back to trading it once the plans trigger themselves.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
ETH currently trading at the highs of the range.
Two simple scenarios and plans seem to be forming.
IF we manage to break and hold the highs we should expect pa to head towards 2200$ and most likely higher. Bears should in my opinion be liquidated pretty easily and fast
IF we fail to hold the current high we should expect pa to hunt the liquidity sitting around 1865$ in the best case scenario.
Will continue to tape read BTC and ETH for you guys and will get back to trading it once the plans trigger themselves.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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