Ethereum 4H Bot Trading (Support Levels + Bullish Potential)

3 de jul. de 2022

Tomorrow is 4th of July and also Monday, a holiday in the USA and normally a bad day for cryptocurrency.

We have the charts but we also have the fundental side of things and intution.

The market hasn't move.

The 18-June low remains far away so the potential stays green.

But still no movement, why?

The market makers are waiting for the "bets" to build up.

They have been squezing the longs slowly, over and over, but there hasn't been that much short squeezing, things can easily turn.

Imagine that many people are going long and they get liquidated, over and over, short-term.

Another group remains attached, they continue betting lower but their positions are never liquidated because prices hasn't gone up in many days.

The shorts start to build up strong.
The bulls continue to get liquidated short-term...

When nobody expects it, things turn and instead of a long squeeze the shorts get squeezed instead.

Of course, that is if most of the people have been bearish, since the market only needs liquidity to continue with its cyclic game.


ETHUSD

We have an immediate support at $1035.
Technically strong.

The critical support that follows is $883.
This is the main level, if this fails all hell is breaking lose... For a few days/weeks then everything turns back to normal.

These are the support levels.

As for the bullish potential.

• We can clearly see an ascending channel even though the chart looks weak.
  
• We are within a higher low compared to 18-June.
  
• We have multiple signals and patterns that support the bulls.
  

upport levels and bullish potential

Support levels to be prepare, to protect ourselves in the case of a drop.

Bullish pontetial because we are crypto-bulls so we trade LONG.

By long we mean we are here long-term.

Remember to comment, follow and like to always come again.

Thank you for the support.

Namaste.