To understand why, read related idea below.
ETH/BTC chart developing fractal confirmed by negative volume.
ETH/USD price broke through inH&S, currently in pullback and wants to reach resistance. Will it break resistance and reach neckline of the neckline of inverted head and shoulder - probably not, the price deviation is too big so I expect it to stop on resistance. Fractal is developing but we need more data for safer entries.
After fractal forms and confirms on 4H chart, I will enter shirt trade. Stop above the fractal
Happy trading
ETH/USD price broke through inH&S, currently in pullback and wants to reach resistance. Will it break resistance and reach neckline of the neckline of inverted head and shoulder - probably not, the price deviation is too big so I expect it to stop on resistance. Fractal is developing but we need more data for safer entries.
After fractal forms and confirms on 4H chart, I will enter shirt trade. Stop above the fractal
Happy trading
Trade active:
stop 750
Trade closed: target reached
Comment:
Comment:
Order cancelled
