Price broke price at 3.500 showing positive signs of a up trend, this is was possible because price couldn’t break the 2.800 area. But as seen on the next slide the 2.800 price acted as a strong area of resistance causing a reversal. Should the trend maintain momentum then it could create a new high.
$WRX Had a change of market structure rejecting the low and creating lower highs. It’s currently rejecting the low of 0.2600 creating a bullish trend which could potentially run up to the 0.3700. So check it out and if you what I see then you know what todo but if you see the opposite let’s talk about it in the comments section.
The past few days the market has been having a change of structure and multiple pairs have been dropping. No one can tell how low it will go meaning that you should check your trades and have a exit strategy so you are not stuck on a bias even when the market is showing you signs to close. And it’s also not advisable to have your capital tied up causing you u miss out on potential opportunities.
As price broke out the channel, most who entered early quickly saw there returns and those who had doubts made up their minds and took positions.
One big mistake traders make when there is a momentum in the market they just buy and not consider whether that is the best price or best market entry. The reason why that is bad is because when there is a small drawback in the market for others to you it’s a huge drawback causing panic leading you to make a uneducated decision. Take that into account and don’t let FOMO get the best of you.
$ETHFI is currently in consolidation between 3.400 and 4.400. I expect price to reject 3.400 and break out the 4.400 mark so we can continue with the up trend and possibly creating a higher high. Should price reject 4.400 and close below 3.400 I believe that could be our exit signal. But let keep watch and remain patient. #HotTrends #ETH #BOME #BTC #Hold-or-Dump
There are two major zones which is 2.800 acting as a strong rejection point, supporting the bullish trend. Should price steadily rise and break 3.500 we could have a huge upside potential, possibly creating a new high. #buyandhold #HotTrends #ETHFI #BTC $ETHFI #Write2Erarn