ETH gaining momentum
Hi everyone,
I have been studying ICT lately and practicing into charts mainly BTC and ETH. Not yet trading with actual money tho, as I hit a wall in my trading journey couple of months ago and just started studying again. Hoping to get positive feedbacks as to my ICT knowledge from here on.
ETH for daily chart,
as we can see here, ETH has been trading in the discount area for quite some time clearing FVGs in the lower time frame. The wick of today's candle bounced right into our displacement low and my invalidation area for bullish scenario. If we zoom out we can see that ETH has been forming lower highs recently that's why I placed my invalidation in that area.
If we manage to clear past the range high, hoping we see ETH clear up also the SIBI in the Daily timeframe, then I feel very positive for ETH going in the upside. But first we need to clear the SIBI, at least enter in the equilibrium so it will feel a little more positive for ETH.
That's it everyone, kindly correct me if I am wrong as I am still in the learning process in my trading journey. 🙂 📈📈📈🚀
I have been studying ICT lately and practicing into charts mainly BTC and ETH. Not yet trading with actual money tho, as I hit a wall in my trading journey couple of months ago and just started studying again. Hoping to get positive feedbacks as to my ICT knowledge from here on.
ETH for daily chart,
as we can see here, ETH has been trading in the discount area for quite some time clearing FVGs in the lower time frame. The wick of today's candle bounced right into our displacement low and my invalidation area for bullish scenario. If we zoom out we can see that ETH has been forming lower highs recently that's why I placed my invalidation in that area.
If we manage to clear past the range high, hoping we see ETH clear up also the SIBI in the Daily timeframe, then I feel very positive for ETH going in the upside. But first we need to clear the SIBI, at least enter in the equilibrium so it will feel a little more positive for ETH.
That's it everyone, kindly correct me if I am wrong as I am still in the learning process in my trading journey. 🙂 📈📈📈🚀
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