ETHUSD - Outlook + potential long zone

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We are seeing a strong sell off from around the $980 (which happens to be along the upper trendline )

Price is currently reacting with 4hr 200 EMA and I believe it will break through this point as the momentum of the sell-off is very strong.

I am now watching the 900 mark for a possible opportunities to add to ETH holding.

Within the marked zone, we have :

- 1hr 200 EMA
- 382 + 886 fib
- 900 (round number)
- Lower trendline
- Possible support present within previously formed structure (as marked by teal zone)

I will be watching for confirmation of entry via how price action interacts with this point & will post updates as soon as I can. My expectation is that we might see a potential probe lower than 900 + rejection back above 900 (this should be enough reason for an entry provided price action momentum looks suitable).

Trade with care.
評論: great reaction off lower trendline + rejection back above 4 hr 200 EMA and 1hr 100 EMA gives me enough confidence to long from here.

Targets are just under 1k and 1.1k

評論: unfortunately this has carried on lower and stops were hit
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