Time to risk on for ETH. December has been a decent month for bullruns as proven in the past. With more fear for inflation and FED looking to pump more non-existing money into the economy, crypto could see a rise once again as fiat draws down.
Just some Basic TA, not beyond TA.
We see an consolidation/accumulation on the daily RSI. Potentially forming a double bottom. Eth broke 4k support but saw no follow through, forming somewhat of a descending triangle.
20 minutes left for daily close. Above the first yellow line would be a confirmation to enter position. Above the 4th yellow line a breakout and retest should follow. Clear invalidation and profit taking level with a great R/R.
RISK ON
Just some Basic TA, not beyond TA.
We see an consolidation/accumulation on the daily RSI. Potentially forming a double bottom. Eth broke 4k support but saw no follow through, forming somewhat of a descending triangle.
20 minutes left for daily close. Above the first yellow line would be a confirmation to enter position. Above the 4th yellow line a breakout and retest should follow. Clear invalidation and profit taking level with a great R/R.
RISK ON
Comment:
Close above 2nd yellow line is coming.
Moving SL in profit
Moving SL in profit
Dec 20 entry again 3950.
Same SL, same TP, same setup. Looking for close above first yellow line again.