[TA] for ETH

We don't have a solid signal confirming up or down movement and that's why we must be careful. It's better to wait for strong indicators for buying.

The 4H chart indicates the down trend is still occurring. The price bounced from the support zone and came back to the downtrend line, we could expect a breakout with following up movement to the heavy resistance line.

If you want to open long trades with the solid confirmation that we are in an up trend, it's better to wait when price breaks the downtrend line and $315 level. Also there are 2 possible levels for buying which are more interesting. If price breaks $255.00 level, the market will fall to the uptrend line and the support zone .

Buying from these levels can be more safe and profitable. Don't forget that all reversal signals must be confirmed by bullish candles or reversal candlestick patterns INCLUDING an RSI reversal.

If you enjoyed this TA or have any comments or advice, please feel free to shoot them my way.

Cheers and happy trading!