Technical analysis by Patrick2707 about Symbol ETH: Buy recommendation (8/4/2024)

We're currently broken below the sellside (red line) we noted earlier. Taken a long position looking to target the HTF buyside sitting around 3.9K. Entry 2700 TP 3985 SL 2300 A clean break and hold below 2.5K and the trade idea is invalidated. The overall crypto market is currently flushing down as BTC broke below 60K. No need to front run the market...simply FOLLOW THE MARKET AND TRADE WITH IT. Let's see where the market wants to go from here. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.