š„Ethereum under sellers' pressureā TIME TO BUY MOREā
š„ Hi friends! Ethereum s under the pressure of sellers because of the FTX hacker. He stole almost 225k of ETH and sell it by 15k ETH each day. As for me, these news just force newbies to sell their crypto to big guys.
š© This theory is confirmed by the deposit of 700,000,000 USDT to the wallet on Binance today. Usually, such amounts are used by whalesš³to buy cheap crypto. This amount is almost 3.5 times more than the amount of stolen money from FTX, but few people pay attention to this.
š The main preconditions to open a long:
š„ false breakout or test as support the $1073 or $1006 key levels. It mean, if the price close below this level, you need to open a long when the price return above. I think that HUGE movement is really possible after the false breakout of any these 2 levels
š„ volume growth is a main indicator that show us the liquidation/trap odf long traders. The volume always growth at the bottom as you can see on the previous cases
š„ bullish BTC help ETH to reach the targets
š© I recommend you to find the price squeeze to the local trendline and open a trade before the breakout. It's additional safe option to open a long after the false breakout.
ā The closest value area which become the strong resistance:
1. $1190-1250
2. $1310-1360
3. $1515-1650
We can use these value areas as the targets and close the trade by parts to book the profit.
š© Traders, what is your currrent position on ETH? What targets do you expect for ETH until 2023? Write in the comments!
š»Friends, press the "boost"š 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
š© This theory is confirmed by the deposit of 700,000,000 USDT to the wallet on Binance today. Usually, such amounts are used by whalesš³to buy cheap crypto. This amount is almost 3.5 times more than the amount of stolen money from FTX, but few people pay attention to this.
š The main preconditions to open a long:
š„ false breakout or test as support the $1073 or $1006 key levels. It mean, if the price close below this level, you need to open a long when the price return above. I think that HUGE movement is really possible after the false breakout of any these 2 levels
š„ volume growth is a main indicator that show us the liquidation/trap odf long traders. The volume always growth at the bottom as you can see on the previous cases
š„ bullish BTC help ETH to reach the targets
š© I recommend you to find the price squeeze to the local trendline and open a trade before the breakout. It's additional safe option to open a long after the false breakout.
ā The closest value area which become the strong resistance:
1. $1190-1250
2. $1310-1360
3. $1515-1650
We can use these value areas as the targets and close the trade by parts to book the profit.
š© Traders, what is your currrent position on ETH? What targets do you expect for ETH until 2023? Write in the comments!
š»Friends, press the "boost"š 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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š·Telegram š t.me/+ICrmLIneDmRiYjIy
š·YouTube š bit.ly/YouTube__Lessons
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