1) Resistance cleared
2) 5th of September: Selling Climax. No supply on 23th of Sept. Secondary test occured.
3) 21-22 Oct: Buying volume appeared = demand.
4) Price above previous selling clusters.
R/R = 1/1.5 (1st target)
In case of successful test of $490 (probability - 70%), ETH will go to 600-750 area. Decent potential.
2) 5th of September: Selling Climax. No supply on 23th of Sept. Secondary test occured.
3) 21-22 Oct: Buying volume appeared = demand.
4) Price above previous selling clusters.
R/R = 1/1.5 (1st target)
In case of successful test of $490 (probability - 70%), ETH will go to 600-750 area. Decent potential.
Trade closed manually:
Took profit and closed the trade
Reason: high resistance volume on daily candle (18 nov). Probably, the majority is shorting double top. But anyway, it's a good reason to take a profit and stay flat/wait for another opportunity.
Reason: high resistance volume on daily candle (18 nov). Probably, the majority is shorting double top. But anyway, it's a good reason to take a profit and stay flat/wait for another opportunity.
This means, ETH has a good upside potential with target around $500-520