$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

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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.