šØš„ ETH is doing something interesting⦠is the next move coming?
While many altcoins are correcting after Septemberās rallies, Ethereum ($ETH ) is showing a structure worth watching. š
š ETH has risen more than 30% in just a few weeks
āøļø Now itās consolidating in a tight range
š Some technical analysts are talking about a possible bull flag formation, a pattern that often appears after strong moves.
š MY TAKE
Iām not looking to buy a green candle.
Iām watching to see if ETH can:
ā Hold the consolidation
ā Defend key supports
ā Recover buying volume
If that happens, we could see another bullish leg.
But if it loses the important levels, the scenario changes completely.
š MY PLAN
š¢ LONG: breakout + volume
šÆ Target: trend continuation
š Invalidation: clear loss of support
What I like most about ETH right now is that, even with high rates and a complex macro environment, itās still showing relative strength versus many risk assets.
ā ļø I donāt want to guess the next move.
I want to react when the market confirms the direction.
š What would you do?
š LONG ETH
š SHORT ETH
ā³ WAIT FOR CONFIRMATION
š² Share your trade with the Trade Sharing Widget and leave your entry below.
$ETH
While many altcoins are correcting after Septemberās rallies, Ethereum ($ETH ) is showing a structure worth watching. š
š ETH has risen more than 30% in just a few weeks
āøļø Now itās consolidating in a tight range
š Some technical analysts are talking about a possible bull flag formation, a pattern that often appears after strong moves.
š MY TAKE
Iām not looking to buy a green candle.
Iām watching to see if ETH can:
ā Hold the consolidation
ā Defend key supports
ā Recover buying volume
If that happens, we could see another bullish leg.
But if it loses the important levels, the scenario changes completely.
š MY PLAN
š¢ LONG: breakout + volume
šÆ Target: trend continuation
š Invalidation: clear loss of support
What I like most about ETH right now is that, even with high rates and a complex macro environment, itās still showing relative strength versus many risk assets.
ā ļø I donāt want to guess the next move.
I want to react when the market confirms the direction.
š What would you do?
š LONG ETH
š SHORT ETH
ā³ WAIT FOR CONFIRMATION
š² Share your trade with the Trade Sharing Widget and leave your entry below.
$ETH
