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ETHUSD H8: PT BULLS 2500/3000USD BUY LOW (SL/TP)(NEW)

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COINBASE:ETHUSD   Ethereum
ETHUSD H8: PT BULLS 2500/3000USD BUY LOW (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because this is an OVERALL
BULLISH SETUP.


🔸 Summary and potential trade setup
::: ETHUSD 8hour chart review/outlook
::: ETHUSD compression / lateral price action
::: expecting similar pattern
::: as september 2020 fractal
::: SPECULATIVE SETUP
::: PLEASE USE a tight SL
::: will be stuck in range to process
::: recent gains after we hit 2 000 USD
::: focus on buying low later near point d
::: around mid-march near 1300 USD
::: final TP bulls will be 2 500 - 3500 USD later
::: expect target to get hit in April 2021
::: right now churning / sideways
::: since we hit HEAVY resistance at 2 000 USD
::: potential/speculative complex correction
::: similar to the September 2020 correction
::: a/b/c/d/f/e/f corrective structure
::: 35% DUMP followed by accumulation in range
::: BULLS may buy low later for now stay out
::: higher risk setup for BEARS: short near 1750 USD
::: TP bears is 1350 USD
::: be careful and use lower leverage here
::: SL: 1850 USD (BEARS)
::: lower risk strat: wait for re-test of 1350 USD
::: and then BUY LOW this may take a while
::: for price to hit near 1350 USD (2-3 weeks)
::: keep in mind that Feb/March is WEAK period
::: for BTCUSD / ETHUSD based on last 10 years WEAK gains (losses)
::: it's anniversary of a 50%+ DUMP SOON as WELL (2020)
::: also ETHUSD sold off 50%+ 15th FEB - 15th MAR 2020
::: so recommend to be extra careful next few
::: weeks as price is very unstable near ATH
::: good luck traders!
::: BUY/HOLD from lows. get paid.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK/1350USD
::: Sentiment outlook short-term: BULLS/point c

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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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