Welcome to the daily idea outlook on 
ETHUSDT
My TA style
. Support + Resistance Levels
. Price Action
. Occasional Fibs
. SMA + HMA
7th April:
1) ETHUSDT is trending bullish on the weekly, but nearing a strong Day Timeframe structural resistance. This indicates only 2 things: Reversal, or Breakout.
2) On the 4 hour, lower highs are form. ETH has entered the 4-hour bullish Fibonacci zone.
Scenarios I will make entry on:
a) Price test 1836 levels and form sideways trend with strong support and failed-breakouts below level, or bullishing spikes during volume periods - Entry : Longs // Take profit - 1992
b) Price breaks to 1810-1802 level, forms resistance at 1833 levels - Entry : Shorts // Take profit - 1779
Entries will be made on 1 hour or 30min timeframe. Anything lower, I feel it's not a stable indicator.
ETHUSDTMy TA style
. Support + Resistance Levels
. Price Action
. Occasional Fibs
. SMA + HMA
7th April:
1) ETHUSDT is trending bullish on the weekly, but nearing a strong Day Timeframe structural resistance. This indicates only 2 things: Reversal, or Breakout.
2) On the 4 hour, lower highs are form. ETH has entered the 4-hour bullish Fibonacci zone.
Scenarios I will make entry on:
a) Price test 1836 levels and form sideways trend with strong support and failed-breakouts below level, or bullishing spikes during volume periods - Entry : Longs // Take profit - 1992
b) Price breaks to 1810-1802 level, forms resistance at 1833 levels - Entry : Shorts // Take profit - 1779
Entries will be made on 1 hour or 30min timeframe. Anything lower, I feel it's not a stable indicator.
Not
Scenario A playing out.- Price tested 1836 level on 9th April at 2pm GMT +8
- 10th April 9am hourly candle closed with long wick rejection. Of support forms, Price Action should still be trending bullish
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.
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.