Sometimes I like to look at the real Big Picture. For the
ETHUSD
pair, this involves using the logarithmic plot to analyse the entire timeframe. If it manages to close below the 3650 zone during a fall, I expect a correction to the 2400 zone. Of course not in a day, this process can take weeks. If the price bounces back out of this zone, I expect a few more weeks of sideways movement, as no macro data is pointing in the direction of a soaring cryptos.
ETHUSD
pair, this involves using the logarithmic plot to analyse the entire timeframe. If it manages to close below the 3650 zone during a fall, I expect a correction to the 2400 zone. Of course not in a day, this process can take weeks. If the price bounces back out of this zone, I expect a few more weeks of sideways movement, as no macro data is pointing in the direction of a soaring cryptos.
Trade closed: target reached:
target reached a few days ago
