A commentary about the recent price action of ETH. ETH has been on the ideal entry alert list all week and now broken out to the upside as anticipated.
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This channel utilizes price action analysis as a trading methodology. Price action analysis trading strategies rely mainly on the movement of an underlying instruments price movement. It may include other indicators such as volume, trend-lines and standard deviation via Bollinger Bands. However, the main analysis tool remains the price movement of the underlying asset in a liquid market. The price action contained in charts relies is determined by the overall actions of all participating buyers and sellers. Interpretation of this dynamic and the psychology behind it is my version of Price Action Analysis.
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