ETH bullish consolidation inside valleys

Hello traders our runs for crypto have been slow but we are watching clearly how structure is being formed. I have no buy entries in for this as I already own 3 ETH from 85$ dollars and I exited at 160. if we get an entry at the bottom of the range I will add at 120$. Please refer to idea for how I see the next buy run. I don't see a lot of buyer volume at this time so this leads me to believe we are accumulating again. I am looking for a third impulse to the top before I sell again.

4 hours MACD – The MACD for ETH/USD is about to move back in the bullish zone.

4 hours RSI – The RSI for ETH/USD is currently flat

3 rising valleys with an inv head and shoulder formation for a possible fake breakout up to snag orders or it could go straight back up. If the fake out happens we will be denied to 120 support area and we will test bottom of the range. This will give us another impulse down. If that happens I can see a 123 DOWN then a massive run back up after a false break of the range low. These are 3 different scenerios for my traders. Good luck and please like and follow my ideas! They have been on point recently and I am doing my best to stay up with fundamentals for everyone!

Adding to position @ 120.00
Exiting at 160 if rejected
SL at 80$

News for ETH


Questionable bag holders - NEUTRAL NEWS-
cointelegraph.com/news/over-80-percent-of-total-eth-supply-is-held-by-7-572-addresses-research

vlad-zamfir becomes lead architect - BULLISH NEWS -
ccn.com/tectonic-shift-casperlabs-nabs-ethereum-developer-vlad-zamfir

Bearish News

Afri quits but vlad takes his position
ccn.com/ethereum-afri-schoedon-quit-development