ETH breakout plan
Ethereum is trading at the bear market resistance zone, which could break soon.
On the chart my potential entry/exit points are visible and recommended to pay a big attention on the anchored vwap.
The volume weighted average price (blue line) can reject the price, but after a breakout avoid FOMO and wait for a retest for it to look for the next potential target.
Only enter after a confirmed retested breakout.
Bearish divergence on the resistance should be a red flag, but wait for it to play out.
On the chart the rejection re-enter point is visible too on the fibonacci level.
Idea will be updated on the moves.
On the chart my potential entry/exit points are visible and recommended to pay a big attention on the anchored vwap.
The volume weighted average price (blue line) can reject the price, but after a breakout avoid FOMO and wait for a retest for it to look for the next potential target.
Only enter after a confirmed retested breakout.
Bearish divergence on the resistance should be a red flag, but wait for it to play out.
On the chart the rejection re-enter point is visible too on the fibonacci level.
Idea will be updated on the moves.
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