ETH Range Trading: Retest 1625 to bounce. Otherwise 1400s
Range High = 1700
Range 0.618 = 1625
Range Low = 1575
We are heading for the "Golden Line" at the 0.618 Fibonacci retracement of the range. If we successful hold this as support I will look to long.
If we lose 1625, I would expect we make a HTF leg down to retest intraday demand
DEMAND Primary = 1545
Consolidation that preceded the pump to 1700
VPVR shows liquidity at this level
DEMAND Secondary = 1430
Quick retest of the previous ATH before we pumped to 1700
VPVR shows liquidity at this level
SUMMARY:
Hold 1625 to long. Otherwise, I expect a dump to 1545 and 1430 if we lose 1545. Then I would really load up on low leverage longs and more spot.
Range 0.618 = 1625
Range Low = 1575
We are heading for the "Golden Line" at the 0.618 Fibonacci retracement of the range. If we successful hold this as support I will look to long.
If we lose 1625, I would expect we make a HTF leg down to retest intraday demand
DEMAND Primary = 1545
Consolidation that preceded the pump to 1700
VPVR shows liquidity at this level
DEMAND Secondary = 1430
Quick retest of the previous ATH before we pumped to 1700
VPVR shows liquidity at this level
SUMMARY:
Hold 1625 to long. Otherwise, I expect a dump to 1545 and 1430 if we lose 1545. Then I would really load up on low leverage longs and more spot.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.