ETH: If you wait long enough, it will be good weather

Mar 6, 2021

• Textbook: [u]wait[/u] for breakout to [u]confirm[/u] trend.
  
• Careful not to FOMO as triangles might have fake breakouts.
  
• Higher timeframes = safer.
  

Not financial advise.

I am not an expert, just my opinion.

Feel free to share your views in the comments.

Mar 7, 2021

Note

Bearish flag pattern has started to form → bearish signal.

Volume supports bearish flag pattern.

Anything is still possible → wait for trend confirmation.

Important resistance level to keep an eye for ≈ $1700 → if price breaks through we might go further up towards the ≈ $1800 resistance level.

Important support level to keep an eye for ≈ $1630 → if price breaks through we might go further down towards the ≈ $1300 support level.

Higher timeframes = safer.

Good things come to those who wait.

Good luck!