ETHEREUM - Hunting for liquidity before the decline continues
ETHUSDT quickly returned to its decline after a short squeeze based on market manipulation and updated its low to 2805.Looking at the daily timeframe, we can see that ETH is in a downtrend. An attempt to break the bearish trend resulted in another decline, which has been going on for more than a week.
Bitcoin fell victim to the reverse Christmas rally yesterday and formed a rather interesting daily bar on Wednesday, indicating a weak market.
Global and local trends are downward. Ethereum is pausing after a bearish rally. The 2805 pause zone could trigger a correction to the zone of interest — the border of the previously broken consolidation zone of 2890-2936.
Resistance levels: 2890, 2940, 2975
Support levels: 2805, 2715
A countertrend movement may form a false breakout before a further decline. Given the current technical situation, it is not rational to consider buying. We are looking for opportunities to sell...
Sincerely, R. Linda!
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.