ETH Bottom of structure, wait for reversal for big buys

Hi everyone:

Ether is also developing nice bullish price action on the higher time frame, and if the lower time frame develop bullish reversal price action, this can start off the next bull run.

After the initial bullish impulse up move, price naturally falls into a consolidation/correction.

With a few swing highs and lows, price has created a larger, higher time frame correction, looking possible for bullish continuations.

We can see the latest development, price made one more bearish impulse down, hitting previous swing lows, good signs of possible double bottoms.

To confirm the big up move potential, wait for lower time frame bullish reversal price action to develop and complete, in order to look for entries for up move.

If price simply break below and impulse down, then no entry no trade.

Thank you

Commento: