To understand why, read related idea below.
ETH/BTC chart developing fractal confirmed by negative volume.
ETH/USD price broke through inH&S, currently in pullback and wants to reach resistance. Will it break resistance and reach neckline of the neckline of inverted head and shoulder - probably not, the price deviation is too big so I expect it to stop on resistance. Fractal is developing but we need more data for safer entries.
After fractal forms and confirms on 4H chart, I will enter shirt trade. Stop above the fractal
Happy trading
ETH/USD price broke through inH&S, currently in pullback and wants to reach resistance. Will it break resistance and reach neckline of the neckline of inverted head and shoulder - probably not, the price deviation is too big so I expect it to stop on resistance. Fractal is developing but we need more data for safer entries.
After fractal forms and confirms on 4H chart, I will enter shirt trade. Stop above the fractal
Happy trading
Trade ativo:
stop 750
Trade fechado: objetivo atingido
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