The million dollars question; What about Ethereum, lower or recovery?
And this is truly a million dollars question because knowing the answer can make you millions. It can either safe you lots of money or it can make you lots of money.
👉 Ethereum is going lower.
The 18-May low happened at $2,323, and this low wasn't challenged, the drop yesterday ended as a higher low. But, there is something... We lost some important support levels.
ETHUSDT lost the 0.236 Fib. retracement, when this happens, the action tends to move to the next lower-level which is below the 18-May low.
Looking at the 4H TF, ETHUSDT lost EMA55 and MA200, so these are also pointing lower.
Just a few days back I mentioned $2,000 entry LONG opportunity for Ethereum, this price might be possible but it is still really early.
The market has been sideways and this breakdown is new. It would be good to wait for the weekly session close to see what prices we will get, without this information, I can say that it is still too early to say, but I can still make my guess. My guess is that it is going lower.
Thank you for reading.
Namaste.
And this is truly a million dollars question because knowing the answer can make you millions. It can either safe you lots of money or it can make you lots of money.
👉 Ethereum is going lower.
The 18-May low happened at $2,323, and this low wasn't challenged, the drop yesterday ended as a higher low. But, there is something... We lost some important support levels.
ETHUSDT lost the 0.236 Fib. retracement, when this happens, the action tends to move to the next lower-level which is below the 18-May low.
Looking at the 4H TF, ETHUSDT lost EMA55 and MA200, so these are also pointing lower.
Just a few days back I mentioned $2,000 entry LONG opportunity for Ethereum, this price might be possible but it is still really early.
The market has been sideways and this breakdown is new. It would be good to wait for the weekly session close to see what prices we will get, without this information, I can say that it is still too early to say, but I can still make my guess. My guess is that it is going lower.
Thank you for reading.
Namaste.
매매 수동청산
Close all SHORTs. We are bullish/LONG.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
관련 발행물
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.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
관련 발행물
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.