Nice little bounce from our confluence zone, £1600 price, H4 demand and S/R.
Little threat on the lower timeframe but seemed to hold on the H4 close nicely, Almost at £1700 price, which would offer the initial 2R, possible first TP target if profits not already been taken.
This is the move we were looking for last week on ETHEREUM. We saw a similar move happen with BTC last week, but ETH couldn't follow similar suit at the time. However, over the weekend, we have seen an upside break of that £1630 price, and currently seeing a subsequent retest.
Hopefully this S/R zone holds and we can trade up towards the top side of...
I think we are most likely going to see something similar to the inverse of the previous price action for the short term. I've marked the area I copied the price from and you can see it's quite similar.
As we know history likes to repeat itself + we have the descending nature and the double bottom for some extra confluence.
Also, we are getting a decrease in...
Again, very much the same as what we have here for ETHEREUM, a break above 2100-2200 and relevant H4/D1 close before a subsequent pullback would be perfect confirmation that we are back bullish bias again.
Breaking out of our bearish consolidated trading zones and climbing higher, good signals for long trading and investment additions. 5R up to previous high.
Intraday KL, 38.2% held support, 3rd touch on a Key level signifying with buying pressure increasing, 4th touch on trend line.
Looking to Exit at around the 1400 where price was rejected on two occasions