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ETHUST trade ideas

eth unsure in premium z weakening but still showing bull poweralways seems fun with charts when theres bullish and bearish signs at the same time eth 30m had a w pattern its already played out i think after the double bottom or is there more to come but then on the other hand first high pivot out of the 3 tested long term resistance rejected quite solidly 2nd hh the big bull candle gave a small msb so marked out the little ob had 2 reactions from it the second forming double bottom and last pivot of the w. w played out hit top of vertical yellow line formed a double top bearish tested red resistance didnt even have the strength to break it the last bearish candle weve had has just bounced straight off the ema 21 now testing again
by scoperfi
Ethereum (ETH/USDT) Short Postition!Ethereum (ETH/USDT) seems to be forming a bearish Head & Shoulders pattern. An ABC correction in play with a lower high. At ~1700 we have our stop-loss above a strong resistance - MP/TPO POC + R1. VPVR POC marks the main pivot level and our target is at ~1450 (immediate support below). MP -> Market Profile TPO -> Time Price Opportunities POC -> Point of Control VPVR -> Volume Profile Visible Range Market Profile is best understood as a way to see order in the markets. While not a typical indicator. MP takes the data from each day’s trading session and organizes it to help us understand who is in control of the market and what is perceived as fair value. Point Of Control shows the bar where the most volume has been traded.
Short
by cryptosrocket