$ETH next trade set up
Looks like we got a little rejection now and now we're forming a symmetric triangle.
My bias is still long due to the severe oversold from previous week and the current 4hr green dot. We are also printing a green dot on the Daily and very close to a Weekly green dot.
A break of the triangle and 2100 resistance will give us acceptance to the fair value range above. The target will then be the POC then VAH.
Here's the plan:
- wait for a break and retest of the triangle
- enter on break of triangle then add more on confirmed retest
- add more on break of 2100 and confirmed acceptance of new fair value range
- take profit at POC then VAH
I've set alerts on the triangle trendline and 2100 level.
Good luck!
not financial advice

ChainCatcher reports that, according to Coinglass data, if ETH drops below $2,050, the total liquidation strength of long positions on major CEXs will reach $786 million. Conversely, if ETH breaks above $2,261, the total liquidation strength of short positions on major CEXs will reach $407 million.