Sober_Trading

Sober_Trading

Remember, if the BTC price breaks down this demand zone, the price will go deeper. On this chart, we are searching for the short positions, but don't rush; not yet

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Price action shows us sol can rise more than BTC in the next couple of hours.

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As you see in the 4H time frame chart, the price broke out of the first tension zone, and now it'll go to the next level.

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If the entry price crosses, the short order will be activated. And if the price doesn't reach the entry price till 3 next hours, we will cancel this order.

Sober_Trading

We can see a good position in the 4H time frame by price action analysis. So if the price reaches the entry price, there is a good position.

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After this price drop, we have a well-react candlestick on 15M and 1H timeframes; the price can rise in the next couple of hours.

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On the daily and 4H timeframe, there is a weakness for the bearish trend and we have a double bottom in the 1H timeframe, So we can trust it and take a long position.

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After Instagram hacks (Bored Ape Instagram page) and after the trending growth, Now is the time for a correction. RSI divergence and rising wedge confirm it.

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Magic lines and zones. As I told you, we have a good support zone at these prices, and no need to panic. Does anybody take long with us?

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ENS responded to the strong support zone so that it could go for higher prices.

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Don't panic. We have some support here. Please tell me your ideas in the comments.

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The selling pressure is weak, and it's evident on the chart; we need a bit long movement, and then boooom...

Sober_Trading Updated 

Psychological analysis of price and market shows me this is a good opportunity for the short position. Be ready for it on 40800;

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This long red candle in this position tells me it is an emotional move, and the price hasn't enough momentum to continue the downtrend. In addition, we have lower lows on price and higher lows on the RSI; yes, we have divergence on RSI. So don't rush to open a sell position. In my opinion, the price trend will reverse and go up. The first target is $44.5K.

Sober_Trading

It's all You need from daily and weekly charts. You can take scalp positions till this sideway range ends. Use 1H and 15M timeframe.

Sober_Trading

Take profit and decrease your margin on long position; we have an essential resistance zone of $3000 - $3400 on ETH. If the price declines, you can buy the dip, and if the trend goes bullish, you can buy when the price crosses the resistance and makes the pullback.

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We have a falling wedge and a strong support zone at $1 to $1.2. Also, we have an RSI divergence that confirms the bullish.

Sober_Trading

All things bright and beautiful, If derivatives newbie traders don't use high leverage and let the market goes its way, ETH can break $3300 and go smoothly somewhere about $3780, and after that, we could analyze the momentum.