A potential path for ETH before resuming a bullish major trend, is drawn with a purple arrow.
I don't think the FED will cut rates today. In fact, maybe in September. Maybe. If the FED cut rates, then the target scenario (green box in the chart) would not play out, we would shift to a bullish movement. I wish for that, but I don't think is near yet.
That being said, the current potential risk, I calculated it to -30% from current levels. Exact prices are impossible to predict, rather I focus on target areas.
DISCLAIMER:
Do Your Own Research, don't use mine to invest! This is not a financial advice, it is only a mere opinion of mine. I own several cryptocurrencies, including ETH.
I don't think the FED will cut rates today. In fact, maybe in September. Maybe. If the FED cut rates, then the target scenario (green box in the chart) would not play out, we would shift to a bullish movement. I wish for that, but I don't think is near yet.
That being said, the current potential risk, I calculated it to -30% from current levels. Exact prices are impossible to predict, rather I focus on target areas.
DISCLAIMER:
Do Your Own Research, don't use mine to invest! This is not a financial advice, it is only a mere opinion of mine. I own several cryptocurrencies, including ETH.
Ordine annullato
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.
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.