Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short
Live ETH.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.
This setup is a personal investment and is separate to my daily trading portfolio.
Price failed to accelerate away from 4hr 50% which is a concern as you look deep into the 1hr TF
All over now i will break it down again tomorrow to see how price settles.
It basically means if a structure level holds as strong support or resistance price on most occasions will accelerate away, if this doesn't occur then it's clear there are bulls in the bulls still push price.