ETHUSD Longs have broken resistance, and Fisher Transform
is healthy above the zero line, indicating that Longs are likely to continue experiencing growth.
When we're breaking resistance we expect to continue to break resistance.
In a situation like this, where price is sideways, in consolidation, we tend to bet with sentiment instead of
against it which is how we take advantage of retail traders.
Ie: ETH price is more likely to rise than fall.
Also, ETHUSDSHORTS show likely decline looking at the Fisher.
is healthy above the zero line, indicating that Longs are likely to continue experiencing growth.
When we're breaking resistance we expect to continue to break resistance.
In a situation like this, where price is sideways, in consolidation, we tend to bet with sentiment instead of
against it which is how we take advantage of retail traders.
Ie: ETH price is more likely to rise than fall.
Also, ETHUSDSHORTS show likely decline looking at the Fisher.
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Subscribe to the Crypto Alpha Report to receive my insights in your inbox daily. Data-driven research to keep you armed and dangerous.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.