Ethereum is looking to complete a bullish BAT pattern.
- inside the green box is the possible bounce area, to continue in the major trend that we think is bullish way above 600 usd.
- EMA9 of 1h is holding down the trend.
Steps to take the trade are:
- We wait to the price be inside the green box
- We wait for a nice green candle above the ema9 trend resist. (don't guess the bottom, avoid catching knifes).
- We jump long in the pullback of the green candle, usually .38 and .61 retracements of that tiny trend.
The target is trend high retest, near 0.04 decent R/R over 8:1.
- inside the green box is the possible bounce area, to continue in the major trend that we think is bullish way above 600 usd.
- EMA9 of 1h is holding down the trend.
Steps to take the trade are:
- We wait to the price be inside the green box
- We wait for a nice green candle above the ema9 trend resist. (don't guess the bottom, avoid catching knifes).
- We jump long in the pullback of the green candle, usually .38 and .61 retracements of that tiny trend.
The target is trend high retest, near 0.04 decent R/R over 8:1.