giorgiovie

ETH buy a bounce off 1264-1272 or Pivot

Long
giorgiovie Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
ETH is keep trying to form a base at the 1260-1270 level in order to move higher to the 1300 mark, i am not sure that will happens, but it looks like that bulls are trying hard, at the moment ETH just broke out from a small descending wedge and is floating around Pivot; I would be a buyer if ETH will bounce off 1264 ( swip of DO ) or 1271 or at 1280 after a break of pivot ( low probability, but possible ), the trade would be invalidated clearly if ETH breaks down DO ; always looking at BTC as it gives a direction to the crypto market as we all now; RSI on 15M, 30M and 1H is overbought while on 4h is oversold, that tells me that a push down is due soon , will enter on a bounce off support as per chart

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Order cancelled
Comment:
πŸ“Œ Loks like a break down, trade invalidated ; remember on my trading idea to read the text as well and look the invalidation point ; at the moment BTC and ETH are both in a bearish mode, so never used Limited Buy Order, eventually Limited Sale OrderπŸ“Œ
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