Etherium Daily: July, 20 2021
Simple strategy about Etherium (3 T's)
The Trend : Downtrend so your dominant startegy should be short
The Level : You could easily find resistence at 2200 and support at 1700 (price currently at support, so there could possibly some long position here, look at the closing candle at daily timeframe to confirm your long)
The Signal : Since the closing daily price isn't formed yet, so I still waiting for confirmation. I usually looking for either hammer, engulfing, or harami candlestick pattern. If one out of this candle is formed, so I will take position.
n.b : There could be some possible that price breakdown and we will take short position. If you want some detail or early position, please take a closer look into 4H or 1H candle. Maybe you could have some "hint". Cherz
The Trend : Downtrend so your dominant startegy should be short
The Level : You could easily find resistence at 2200 and support at 1700 (price currently at support, so there could possibly some long position here, look at the closing candle at daily timeframe to confirm your long)
The Signal : Since the closing daily price isn't formed yet, so I still waiting for confirmation. I usually looking for either hammer, engulfing, or harami candlestick pattern. If one out of this candle is formed, so I will take position.
n.b : There could be some possible that price breakdown and we will take short position. If you want some detail or early position, please take a closer look into 4H or 1H candle. Maybe you could have some "hint". Cherz
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