1. Breakout Strategy
Enter a long position if ETH breaks through the resistance level or the previous high, indicating a potential bullish trend continuation. This strategy capitalizes on the momentum of a breakout, aiming to ride the upward trend.
2. Retracement to First Base Strategy
Consider entering a long position if ETH retraces to the first base or the...
# High Time Frame (HTF) Analysis:
Ethereum (ETH) is currently testing the resistance at the top of a triangle pattern on the high time frame chart.
# Entry Strategies:
## Breakout Strategy (Long Entry):
Consider entering a long position if ETH successfully breaks above the triangle pattern's resistance. This could indicate a potential bullish trend...
The recent surge in gold prices has left a lasting impact, the reverberations of which are yet to fully dissipate. While intermittent spikes persist at lower timeframes, there are clear indications suggesting a potential deceleration in momentum. Are we witnessing the onset of a reversal, beckoning opportune moments for short positions?