ETH - Is it good to invest now?🧐

15 jul 2022

☝️What happened?
ETH came to bottom of the channel and then bounced, afterwards it broke local trendline which was a bullish signal


☝️Should bulls be worried?
Right now we are in the middle of nowhere and close to the top of range, so it's bad idea to take longs because potential is too small.


☝️What are the future scenarios?
1. If we touch top today we will likely bounce since the level is too strong to break from such distance without range
2. We slow up and start accumulate power for future break up. It should take a couple days. If we will slowly squeeze to the level on 1h timeframe we will likely break through.

What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊


P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones