$ETH
The newly energized E-guards, as expected, fell again on Monday night—just another old tradition from years past.
1. Before the midday low of 1866, if it does not break, we expect a rebound from the smaller timeframe longs.
2. If it breaks above 1877, look for long opportunities on the pullback. The two lagging/overhang positions above can be used for shorting. 1901 and 1914 can also be used as take-profit/trim levels for longs.
3. Yesterday broke below the ranging/oscillation zone; if price rebounds up into that area, we’ll consider it as a normal pullback on the smaller timeframe, without expanding into a larger correction.
The newly energized E-guards, as expected, fell again on Monday night—just another old tradition from years past.
1. Before the midday low of 1866, if it does not break, we expect a rebound from the smaller timeframe longs.
2. If it breaks above 1877, look for long opportunities on the pullback. The two lagging/overhang positions above can be used for shorting. 1901 and 1914 can also be used as take-profit/trim levels for longs.
3. Yesterday broke below the ranging/oscillation zone; if price rebounds up into that area, we’ll consider it as a normal pullback on the smaller timeframe, without expanding into a larger correction.