ETHUSDTTechnicals:
- Two Multi-Year strong Horizontal Trendlines
- Stochastics is almost in Oversold conditions
- Price action close to a Short-Term Resistance Trendline (may break if Brexit causes volatility )
Fundamentals:
- The crypto space has taken a drastic hit from big capital wipeouts from major selloffs in various asset classes
- There is still plenty of fear going on in the market and this bear market may drag on for some time
Expecting a slow grind towards UDS1500/ETH (demand zone) but once market recovers, will be expecting a recovery for ETH to around the USD2450 levels.
We will be waiting for confirmations of multiple confluences before considering this trade setup ready. Patience is the key to success.
*This pair outlook is provided on an advisory basis. Any trade decisions made based on this outlook is a personal decision and we are not responsible for any losses derived from it.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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.