ETH -Potential first bounce zone (Scalp long)

١٧ أغسطس ٢٠٢٢

Here we are looking for a "long the dip opportunity". This will only be a scalp long, but a good entry could be somewhere around the $1770-1780 levels. This level has a lot of confluence. It was our old resistance that could be flipped into new support (Black horizontal line). Also, the 20MA on the daily is at $1770 (blue MA). I have outlined with green arrows everytime we have bounced off our 1D 20 MA.