🔥News
🔹The International Economic Forum in Davos begins today and will continue all week. America is closed for M. Luther King Day. No other significant news.
🔥ETH
🔹Also fell overnight following Bitcoin. Due to a slight rise before the fall, the levels at the bottom shifted slightly, but a full set of downward waves was ended. New levels:
1️⃣ Above there are pullback levels on the H1 timeframe: 3286 and 3250
2️⃣ The previous wave set expansion targets are still actual: 3120 and 3060
Priority is given to a pullback, likely to 3250. Then down to 3120.
-------------------
Share your opinion in the comments.
🔹The International Economic Forum in Davos begins today and will continue all week. America is closed for M. Luther King Day. No other significant news.
🔥ETH
🔹Also fell overnight following Bitcoin. Due to a slight rise before the fall, the levels at the bottom shifted slightly, but a full set of downward waves was ended. New levels:
1️⃣ Above there are pullback levels on the H1 timeframe: 3286 and 3250
2️⃣ The previous wave set expansion targets are still actual: 3120 and 3060
Priority is given to a pullback, likely to 3250. Then down to 3120.
-------------------
Share your opinion in the comments.
Trade active
It's going according to forecast. What's new:1️⃣ So far, only 3170 could be a potential pullback.
2️⃣ The old target of 3060 is still relevant. The new one, 2976, is already the next set of downward waves. Possibly, but maybe not today. We're still waiting.
Similar to Bitcoin: a pullback is possible, but not guaranteed.
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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.