Hello traders!
I am long ETH from around 1570.
Picture says it all, and the 2 possibilities - up or down - are marked out.
there is a chance that it makes a LL on 4hrs tf, and a clear divergence would occur; or maybe break out of the ascending triangle directly.
first structure to break is the 50 daily EMA, who stands around 1643.
If long scenario plays out, would gradually take profits at major structures, final target being 1784 (with a possibility to go out and test the trend line at 1805 (and also feel the FVG)
Take care, manage your risk,
And hit like if you like / agree with the idea.
Thanks