ETH - Falling into Support - Analysis / Strategy
ETH continues to trade inside its bearish trend setting lower lows/highs. As ETH prepares to enter the support zone short-term buying potential increases.
Analysis:
Per the conditions of a bear trend, we can fully expect ETH to continue to trade lower and lower. However, utilizing indicators and knowledge of previous support zones we see that ETH is burning a lot of "Strength" as it heads toward the 1500-1700 support zone. This suggests a potential bounce within the trend and potentially beyond.
Strategy:
I will look for buy setups when ETH is in two positions. A. inside the support zone and B. near the bottom end of the trend.
Best of luck, Like/Follow for more.
Analysis:
Per the conditions of a bear trend, we can fully expect ETH to continue to trade lower and lower. However, utilizing indicators and knowledge of previous support zones we see that ETH is burning a lot of "Strength" as it heads toward the 1500-1700 support zone. This suggests a potential bounce within the trend and potentially beyond.
Strategy:
I will look for buy setups when ETH is in two positions. A. inside the support zone and B. near the bottom end of the trend.
Best of luck, Like/Follow for more.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.