Ethereum look interesting in this point to invest to long position or make crypto-trading in H4 timeframe. For if you like to trade day trading, I use a lot H4 and H8 timeframe to trade this kind of market. I don't like to trade H1 timeframe cryptocurrencies as such assets are volatile and sometimes make extreme volatile.
But we have that price it's look bullish in H1 timeframe. That we can to use to track the market and know the situation what happen in this timeframe and how professional crypto trader use it to trade in the smart point.
In H4 we see that following the correlation with H1 timeframe, it's bullish, what we can to put a buy order limit between $1,597 USD to $1,601. We would to fix our Stop Loss in $1,534 USD and take profit to $1,780 USD on those point. But now, I suggested to put a buy order limit in $1,601 USD in this point.
Now, checking our Daily timeframe, we see that Ethereum look bullish in this side that we can to get this opportunity to long. That's a bullish market structure there.
If you like this analysis, I invite you to follow me and learn how to make trading in cryptocurrencies if you're like me that trade by Day Trading.
Good luck!!!
But we have that price it's look bullish in H1 timeframe. That we can to use to track the market and know the situation what happen in this timeframe and how professional crypto trader use it to trade in the smart point.
In H4 we see that following the correlation with H1 timeframe, it's bullish, what we can to put a buy order limit between $1,597 USD to $1,601. We would to fix our Stop Loss in $1,534 USD and take profit to $1,780 USD on those point. But now, I suggested to put a buy order limit in $1,601 USD in this point.
Now, checking our Daily timeframe, we see that Ethereum look bullish in this side that we can to get this opportunity to long. That's a bullish market structure there.
If you like this analysis, I invite you to follow me and learn how to make trading in cryptocurrencies if you're like me that trade by Day Trading.
Good luck!!!