Ethereum is showing us a very VERY similar pattern to Bitcoin. Bitcoins has a strong support level at 30k which may be the reversal zone. We're not too far off and similarly, we're not too far off from Ethereums strong support level at 1700.
Once Ethereum and Bitcoin find their bottom, we can correlate it with the entire crypto market and look for buying opportunities.
Trade Idea:
- Watch for any shorting opportunities back to the 1700 level (bear flags, break and retests)
- Watch for bullish pressure at 1700 level
- Enter with stops below the rejection
- Target ATH's as first target. -0.27 as second target.
Let us know if you have any other ideas!
Once Ethereum and Bitcoin find their bottom, we can correlate it with the entire crypto market and look for buying opportunities.
Trade Idea:
- Watch for any shorting opportunities back to the 1700 level (bear flags, break and retests)
- Watch for bullish pressure at 1700 level
- Enter with stops below the rejection
- Target ATH's as first target. -0.27 as second target.
Let us know if you have any other ideas!
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