You can long after break and close above 237
Updated
Good evening traders,
Hope everyone long on my previous eth call made some money. Before i start, request you to support my ideas with your like. It motivates me to generate more content on this platform.
Now on to the trade analysis:
- ETH has conclusively broken the descending channel/ascending triangle
- Hits supply liquidity at around 237 and immediately bounces, twice
- On confirmation of 12H close above 236-237, we can open a long position since there is an uptick in volumes and OI
- Conservative risk takers can wait for price to clear the Kumo
- Convergence line has crossed the base line, and acting as local support
- Targets 247/255/263
- SL 224
- Be careful of the funding rates on ETH on Bitmex
Let see how this turns out.
Safe trading and good luck!
Hope everyone long on my previous eth call made some money. Before i start, request you to support my ideas with your like. It motivates me to generate more content on this platform.
Now on to the trade analysis:
- ETH has conclusively broken the descending channel/ascending triangle
- Hits supply liquidity at around 237 and immediately bounces, twice
- On confirmation of 12H close above 236-237, we can open a long position since there is an uptick in volumes and OI
- Conservative risk takers can wait for price to clear the Kumo
- Convergence line has crossed the base line, and acting as local support
- Targets 247/255/263
- SL 224
- Be careful of the funding rates on ETH on Bitmex
Let see how this turns out.
Safe trading and good luck!
Trade active
tradingview.com/chart/PneIMMGb/
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