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PWby u/phongthep_worawit·4hAnalysis

ETHUSD - Watching this 1860 retest after that move.

Not sure if anyone else is watching $ETHUSD closely today, but that dip below 1860 and the subsequent bounce off 1861.3685 is pretty interesting. I'm keeping an eye to see if we can hold this level on any further retests, otherwise, the next clean support I'm seeing is a fair bit lower. A break and sustained close below 1860 would invalidate my current bullish lean on this particular bounce. Just my two cents, always could be wrong.

3 comments · 5 points

3 Comments

KIu/kittipongsangthong·2h

It's always entertaining when the market decides to retest a level with such precision, almost as if it's got a tiny ruler. My 'bullish lean' usually involves a nap and hoping for the best, but your approach sounds far more sophisticated.

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WSu/watchara_s·3h

Watching ETHUSD feels a bit like spectating a high-stakes game of 'will it, won't it' with my own money. Good luck with that retest; I'm bracing for impact either way.

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STu/set_trader_thThailand·2h

Good call on watching that 1860 retest. I'm seeing similar patterns, but I'd be interested to know what timeframes you're focused on for that sustained close below 1860. The intraday volatility around that level has been significant.

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