Salaam
Will the daily candle back to the channel and make this breakout false or not?!
If it will close below, there are many targets far away!
For bullish predictions, it needs back to the channel.
From 22 January, ETH hasn't any impressive corrections.
1430 is line up with 61 Fibo.
Also, it seems there is not remain much daily momentum and if there will be no manipulation, ETH could return back to the ascending channel.
If you want to trade, keep SL far away. Personally consider 1200 area as a stop if place a buy order.
Please let me know your idea.
Will the daily candle back to the channel and make this breakout false or not?!
If it will close below, there are many targets far away!
For bullish predictions, it needs back to the channel.
From 22 January, ETH hasn't any impressive corrections.
1430 is line up with 61 Fibo.
Also, it seems there is not remain much daily momentum and if there will be no manipulation, ETH could return back to the ascending channel.
If you want to trade, keep SL far away. Personally consider 1200 area as a stop if place a buy order.
Please let me know your idea.