Ethereum approached the weekly trendline and experienced a correction. It seems likely that we may see one more push upward to create a false bullish sentiment on this coin. There is even a possibility of a fake breakout above the descending trendline. However, before any major move, a significant correction toward the green zone appears likely | after which the main bullish move is expected to occur.
On higher timeframes, this is currently our outlook on Ethereum.
A daily candle closing above or below the invalidation levels would negate the current buy or sell bias.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
On higher timeframes, this is currently our outlook on Ethereum.
A daily candle closing above or below the invalidation levels would negate the current buy or sell bias.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.