$ETH 4.23 Market Overview: ETH shorts profit by 82 points, did you catch the wave?
Yesterday, I mentioned that 2395 formed a confluence of support, resistance, and trendlines, predicting a false breakout followed by a drop; and sure enough, ETH broke above 2395 and then fell back, creating a classic false breakout;
If you rode this false breakout short with me, you would have exited today with a full profit of 82 points;
This is knowledge built over time through experience and market feel, not something easily grasped overnight.
If the candlestick breaks below the trendline and quickly retraces to form a false breakdown, look to go long at 2323 with support at 2268, targeting 2378 and 2414;
On the left side, continue to position long at 2306, adding to your position at 2268, with support at 2231, targeting around 2357 and 2395.
ETH continues to trade within an ascending wedge, so just high sell and low buy accordingly.
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