Hello friends here I am sharing the chart of Ethereum, so here I took the time frame of 4 hour as you can see the three different zone are there mentioned on chart (Resistance Zone, Breakout retest Zone, Demand Zone) So I am explaining my trading ideas for it below
IDEA 1-: It will reach to breakout retest zone and will give a bounce from there to the resistance zone.
IDEA 2-: If it will break support ( Breakout retest zone) and will got to next support mentioned as support 2 on chart and can go up for above levels after bounce.
-:Levels Price Are Mentioned Below
-:Breakout Retest & Support Zone ( Price 1916)
-:Resistance zone If Bounce From Support ( Price 2070)
-:Support 2 Zone ( Price 1833)
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TOUCHED BREAKOUT RETEST ZONE
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GOOD GOING
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LOOKING A PERFECT RETEST DONE SO FAR, STILL SUPPORT NOT BROKEN
Perfect analysis for sniper entry, will wait for RSI to cross 60 threshold, chances are very high that it will hunt liquidity till support 2 as mentioned in chart ...
AMIT-RAJAN
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@deepakupreti100us, thanks brother and i must say nicely observed by you