Let's see if the whales will support Ethereum price๐ฅ
DOM and Footprint are the tools which i use to identify the BIG orders from which the price can bounce. I marked 2 vallue areas on the chart which can become the support for the price and the whales orders expected:
1. $1700-1800 - now the ETH inside this value area. If whales orders apear i`ll open trade with the short sl
2. $1450-1570 - closest and the last support before the local lows at $930.
The previous scenario is still relevant but pay your attenion to stock market indexes. If they will start to fall, the crypto will follow them too. In this case $1450-1570 value area can become the strong support.
๐ Preconditions to open a longs from the support areas:
๐ฅ BIG whales orders at DOM and Footprint
๐ฅ the volume growth which confirm the whales purchases
๐ฅ squeeze to the trendline what mean the upcoming breakout of this trendline
๐ฅ bullish BTC help ETH to reach all the targets
๐ The targets:
1. $2000 - the key level which become the huge resistance
2. $2350-2500 - the closest value area
3. $3000 - the important key level
๐ฉWhat do you think about this target for ETH? Is it possible to ETH reach all this targets in 1-4 weeks?
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
1. $1700-1800 - now the ETH inside this value area. If whales orders apear i`ll open trade with the short sl
2. $1450-1570 - closest and the last support before the local lows at $930.
The previous scenario is still relevant but pay your attenion to stock market indexes. If they will start to fall, the crypto will follow them too. In this case $1450-1570 value area can become the strong support.
๐ Preconditions to open a longs from the support areas:
๐ฅ BIG whales orders at DOM and Footprint
๐ฅ the volume growth which confirm the whales purchases
๐ฅ squeeze to the trendline what mean the upcoming breakout of this trendline
๐ฅ bullish BTC help ETH to reach all the targets
๐ The targets:
1. $2000 - the key level which become the huge resistance
2. $2350-2500 - the closest value area
3. $3000 - the important key level
๐ฉWhat do you think about this target for ETH? Is it possible to ETH reach all this targets in 1-4 weeks?
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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๐ทYouTube ๐ bit.ly/YouTube__Lessons
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