Hello Traders, This is a screenshot of my Analysis on Ethereum.
On the Weekly Timeframe, Price Closed as a Bullish Continuation Candle.
On the Daily Timeframe, Yesterday closed as a Bullish Engulfing Candle, bouncing off our Active Demand.
This means that we should expect Bullish Trading Opportunities above this Level of Active Demand.
However, Price is currently inside our Acting Supply, so the Close of Today's Candle will be extremely Vital.
Final Verdict:
So far, I am taking buy opportunities on this Pair, However, if today closes as another Bullish Daily Candle, then we can take more buy Opportunities.
On the Weekly Timeframe, Price Closed as a Bullish Continuation Candle.
On the Daily Timeframe, Yesterday closed as a Bullish Engulfing Candle, bouncing off our Active Demand.
This means that we should expect Bullish Trading Opportunities above this Level of Active Demand.
However, Price is currently inside our Acting Supply, so the Close of Today's Candle will be extremely Vital.
Final Verdict:
So far, I am taking buy opportunities on this Pair, However, if today closes as another Bullish Daily Candle, then we can take more buy Opportunities.
