Are you watching ETH in the daily timeframe 👀 ?
ETH is trading on a major support zone, and after a failed breakout here the price could likely be heading back towards the lower support area in the short term.
For the past 157 days, ETH has pretty much been trading UP only. We see this if we look at the price action from a daily timeframe over the past few months.
The price is likely to head lower towards the 4200 region where a bounce is possible - this will be a healthy cooldown for the short term.
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ETHUSDT
ETH is trading on a major support zone, and after a failed breakout here the price could likely be heading back towards the lower support area in the short term.
For the past 157 days, ETH has pretty much been trading UP only. We see this if we look at the price action from a daily timeframe over the past few months.
The price is likely to head lower towards the 4200 region where a bounce is possible - this will be a healthy cooldown for the short term.
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ETHUSDT Note
4h IS LOOKING BEARISH with lower highs and steep resistance trendline:Transaction en cours
Something like this is also possible, where it takes a few days or weeks to reach the lower support zoneTrade fermée: cible de profit atteinte
yellow line scenario playing out (bump and run) with a higher bounce. But note how the new high is still lower than the previous high. Only if this high is HIGHER than the previous peak, it will be invalidated. I'm continuing my sentiment that we're taking an extended route down as an extended correction.
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.