We are witnessing first major bump in this bull market. ETH topped just under $1500 and created major gap down to support zone at $1050. That was also break down from rising wedge which is very bearish sign. Additional to that, ETH technical picture could turn very negative if ETH closes below next support at $1120. RSI is showing negative divergence on daily chart which could create a down move to the next major support of $620. I marked $620 as there was very strong volume/momentum support (5x retest, 1 major break up) + also 0.618 fib support. There is also the last red weekly candle we have seen from the beginning of DEC 20.
We are going to witness some more scalps on the way, so don’t get carried away, but keep an eye on the big picture.
We are going to witness some more scalps on the way, so don’t get carried away, but keep an eye on the big picture.
노트
ETH making HH, if price falls under previous low, this play is still valid.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.