ETH BREAKOUT??
Güncellendi
Simple chart with key levels shown. After the Trump victory price has broken out from the downtrend of 7 months. So far the breakout has been capped at the major resistance level of $2850. It's a clearly important S/R level with clear TPs on the way back up to local high.
Entry is a tricky one, the macro is clearly bullish with the election news + interest rate cuts happening globally. A safer entry would be a flip of the resistance @ $2850.
A second entry would be the green box and still broken out of the downtrend. That would make the entry closer to being wrong and therefor better R:R but for me less probable as $2850 is still major resistance.
Invalidation is under the green area around $2700 and falling back under the downtrend, approx -6.5% under the possible entry once the S/R is flipped.
Entry is a tricky one, the macro is clearly bullish with the election news + interest rate cuts happening globally. A safer entry would be a flip of the resistance @ $2850.
A second entry would be the green box and still broken out of the downtrend. That would make the entry closer to being wrong and therefor better R:R but for me less probable as $2850 is still major resistance.
Invalidation is under the green area around $2700 and falling back under the downtrend, approx -6.5% under the possible entry once the S/R is flipped.
Not
Our first daily close above the $2900 mark. If we see a dip below $2850 with a strong reclaim that would be a great confidence boost that buyers are happy to support this level and go further.
Not
TP1 tagged!
Good to see ETH waking up and breaking out of the $2900 level that was keeping it down. Would like to see some form of accumulation after that move up with good buy volume.
İşlem aktif
TP2 hit, still lagging behind BTC but good progress so far today. 
Feragatname
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