$ETH - Technical Analysis

$ETH - Technical Analysis

Monthly
Last candle traded to monthly FVG then closed below it as indecisive candle. Looking for P to trade lower. The monthly FVG below look like a magnet to me. Noting that P is filling the lower wick.

Weekly
SFP is formed & last candle tagged weekly FVG again the closed below the lower weekly FVG. Looking for P to trade lower. P could tag the lower weekly FVG and continue to trade lower without filling the last candle wick.

But again, this week is election week & FOMC on Thursday. My recommendation is to avoid trading in this week. So I would just do TA without trading (no H1 chart)

Daily
A little bit complicated. P closed below 0.5 of daily +OB of the current P range. P also traded to 0.5 of old candle wick & closed above daily FVG & old daily +OB.

However, I don't trust those Discount arrays. P already traded down there before, It has to have a reason to trade down there again (may be the 0.5 of old candle wick and that's it). Looking for P to take out sellside. Today has no eco news, so P might consolidate. (edited)

If you find this helpful, give me a like. Cheer! 🫡
Abbreviations are explained & pinned in my pinned post.

#DayTradingTips #ETH🔥🔥🔥🔥 #TradingMadeEasy #CryptoMarketMoves #etherreum