C-clamp setup on ETHUSD & ETHBTC (short & long)
Note: Trend is still bullish
- Tenkan (green) and Kijun (pink) lines are far apart
- Price has closed well below Tenkan and now has retraced back up to it
- C-clamp short setup are active now due to two conditions above
- Price is likely to gravitate towards Kijun before continuing the trend (indicates healthy retracement)
- Once price reaches Kijun, look for long entry
Note: NOT a financial advice.
- Tenkan (green) and Kijun (pink) lines are far apart
- Price has closed well below Tenkan and now has retraced back up to it
- C-clamp short setup are active now due to two conditions above
- Price is likely to gravitate towards Kijun before continuing the trend (indicates healthy retracement)
- Once price reaches Kijun, look for long entry
Note: NOT a financial advice.