A few days ago I made an analysis on the bearish move of ETH and the incoming support area from $4200 - $4000.
As expected, the $4k level proved very resillient and has caused the massive reversal which we can see today. I'm expecting this dip to be bought up very quickly, this train will not stop until we reach the $4300 - $4350 area. After we reach the target area, bulls will have to prove themselves and that this is not just a consolidation phase within a bigger downtrend.
Happy trading!
As expected, the $4k level proved very resillient and has caused the massive reversal which we can see today. I'm expecting this dip to be bought up very quickly, this train will not stop until we reach the $4300 - $4350 area. After we reach the target area, bulls will have to prove themselves and that this is not just a consolidation phase within a bigger downtrend.
Happy trading!
Nota
Also, take a look at this 4-month support. Held perfectly!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
Declinazione di responsabilitÃ
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.