$ETH far and near, high and low are all different~
The 15-minute chart routing is too messy; the 1-hour level analysis is a bit easier.
1/ Over these past few days, Ethereum’s price action has been remarkably similar to Big Pie. The structure is the same as a staircase down, but low-long positions can still be made.
2/ Take 2720 as the strong/weak boundary of the box range. As the price approaches, there’s no more room for additional long entries. For the trade around 2650, I’ll take some profit.
3/ The low-long entry zone is 2666-2640, which is quite aligned with Bitcoin’s low-long position.
The 15-minute chart routing is too messy; the 1-hour level analysis is a bit easier.
1/ Over these past few days, Ethereum’s price action has been remarkably similar to Big Pie. The structure is the same as a staircase down, but low-long positions can still be made.
2/ Take 2720 as the strong/weak boundary of the box range. As the price approaches, there’s no more room for additional long entries. For the trade around 2650, I’ll take some profit.
3/ The low-long entry zone is 2666-2640, which is quite aligned with Bitcoin’s low-long position.
