After a 1 hour variation of an evening star during the London session this morning, I was alert during the New York session to see if price would be strong enough to push beyond its latest high; especially after a bullish engulfing. Price merely closed off with some buy exhaustion only to followed by a doji. This set-up looks like a false break of a major...
Ethereum has some big swings intraday but multiple timeframe analysis suggests its not mere noise. Price is testing a weekly bullish reversal pattern. Its best to be patient and allow this minor downtrend to cease and form a newfound support level. If an uptrend begins at these lows, Targets could be steep considering where the potential neckline is if a double...
The price is entering Resistance area, look at H4/D1 to see the Resistance area.
So, I choose to wait if the price will fail to break Resistance line, and then open SELL.
SL at 78.829
TP1: 78.050
TP2 below 77.500
TP3 76.800
Support and resistance, pivot line,
