Hello traders,
Clearly , ETH is playing in a fairly tight range that has the low at $1710 and high $1842. We can note a very reactive VPVR at $1751 which we can consider a refuge for trades inside this range.
Remember that ranges are part of the market and can be good for scalping or ranging strategies like grid trading. The challenge with grid trading is to know when to stop.
In what regards scalping, for now we can take trades on lower timeframes and base our entries and stop loss on either fib level, with a preference for 0.33 and 0.66 and an attention to 0.5.
Now , i don't necessarily encourage trading in this range but it is good to know we have options.
Fundamentally, FED money printer going "Brrrr" can only mean a weaker dollar, and who says weaker dollar says stronger any other asset that is paired with it.
Clearly , ETH is playing in a fairly tight range that has the low at $1710 and high $1842. We can note a very reactive VPVR at $1751 which we can consider a refuge for trades inside this range.
Remember that ranges are part of the market and can be good for scalping or ranging strategies like grid trading. The challenge with grid trading is to know when to stop.
In what regards scalping, for now we can take trades on lower timeframes and base our entries and stop loss on either fib level, with a preference for 0.33 and 0.66 and an attention to 0.5.
Now , i don't necessarily encourage trading in this range but it is good to know we have options.
Fundamentally, FED money printer going "Brrrr" can only mean a weaker dollar, and who says weaker dollar says stronger any other asset that is paired with it.
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