Breakout or Breakdown in Ethereum on 30m and 4H TF
Hello Traders,
I am tracking the ethereum on 30m and 4h time frame.
On 30m chart
- Bollinger Band Squeezed
- ema(20,50,100,200) lies in between the Bollinger Bands
- RSI Neutral
- MACD Neutral
From these levels we can get a good trade on either side.
Wait for the breakout or breakdown and enter the trade in that direction, a good small trade can be executed.
On 4H chart
- Bollinger band expands
- Price is at the middle line
- sma(20) coincides with the support/resistance level
- Intraday move decides the direction for swing trade.
Happy trading and keep learning.
Thanks
Er. Simranjit S Virdi
I am tracking the ethereum on 30m and 4h time frame.
On 30m chart
- Bollinger Band Squeezed
- ema(20,50,100,200) lies in between the Bollinger Bands
- RSI Neutral
- MACD Neutral
From these levels we can get a good trade on either side.
Wait for the breakout or breakdown and enter the trade in that direction, a good small trade can be executed.
On 4H chart
- Bollinger band expands
- Price is at the middle line
- sma(20) coincides with the support/resistance level
- Intraday move decides the direction for swing trade.
Happy trading and keep learning.
Thanks
Er. Simranjit S Virdi
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