Ahmadtahirdahiru
@t_Ahmadtahirdahiru
What symbols does the trader recommend buying?
Purchase History
پیام های تریدر
Filter
Signal Type
Ahmadtahirdahiru
ETH is in an overall consolidative phase and ATM near the DTF trendline support and also broke out from a descending channel, looking at the 4HTF we can clearly see some potential for a bullish move as the 4HTF candle that broke out from the channel was a strong momentum candle, Going down to the LTFs ,we can see a bit of consolidation but a break above will be good to validate our bias in which a break otherwise will invalidate the bias also.
Ahmadtahirdahiru
Price on the 4HTF has broken a trend line support and back for a retest, Now at the area of retest we can see that it is a key level that has been tested multiple times in the past and the overall trend is seemingly bearish, Some might even look at the overall pattern as a Heads & Shoulders patterns. CONFLUENCE 1: HTF Trend line break CONFLUENCE 2: Price is below the 4HTF 50 period EMA CONFLUENCE 3: Price is at key level of structure that has been tested multiple times CONFLUENCE 4: Double Top pattern on the overall 4HTF CONFLUENCE 5: Price rejection/bullish exhaustion of the area (WICKS) With this, Given more evidence and confirmation on LTFs, we can anticipate the bears to take control of the market soon. Have a profitable week ahead. Also, your comments will be very much appreciated.
Disclaimer
Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.