$ETH
Last night’s PCE data shifted the focus to the meeting on Friday night. Nvidia’s earnings report is relatively strong. The price is ranging and consolidating at high levels; compared with the trend from the past few days, opportunities are appearing on smaller timeframes.
First, the conclusion: Today’s intraday approach is mainly range trading, with occasional low-buy opportunities as a supplement.
1. Pull back to 2466: On the 5-minute chart, buy when there’s a bullish engulfing (a positive candle that engulfs a negative one). Also, 2390 below is a very good spot to go long.
2. The upside at 2558: On the 5-minute chart, sell when there’s a downward spike followed by a bearish engulfing (an inverse engulfing). There may be short opportunities at the key larger-timeframe resistance levels.
In a range, don’t take action unless you reach a key level—stay patient.
Follow me—I will definitely be your treasure!
Last night’s PCE data shifted the focus to the meeting on Friday night. Nvidia’s earnings report is relatively strong. The price is ranging and consolidating at high levels; compared with the trend from the past few days, opportunities are appearing on smaller timeframes.
First, the conclusion: Today’s intraday approach is mainly range trading, with occasional low-buy opportunities as a supplement.
1. Pull back to 2466: On the 5-minute chart, buy when there’s a bullish engulfing (a positive candle that engulfs a negative one). Also, 2390 below is a very good spot to go long.
2. The upside at 2558: On the 5-minute chart, sell when there’s a downward spike followed by a bearish engulfing (an inverse engulfing). There may be short opportunities at the key larger-timeframe resistance levels.
In a range, don’t take action unless you reach a key level—stay patient.
Follow me—I will definitely be your treasure!
