ETH Update Daily TF Sept 20
ETH has been acting as we predicted @ the end of August since its sell-off after the merge.
Things to note:
- Rejection just under GP @ $1789
- Broke back below LT downward sloping trendline
- 9SMA crossed BELOW 21 SUPER BEARISH
- 9 about to cross below 100SMA (super bearish)
- Getting rejected @ 100SMA 1480ish
- Bear target #1 1300ish HAS BEEN HIT
- Broke BELOW BF channel for FIRST TIME!
- Bear target #2 $1000 - $1200 liquidity zone
- Bear target #3 re-test June low
I'm ultimately looking for a $300 - $400 macro bottom for ETH. Does this sound crazy? Yes, it does, so please keep an open mind & be objective.
We'll focus on the charts & data together & update our thoughts as new data comes into play.
Cheers!
Things to note:
- Rejection just under GP @ $1789
- Broke back below LT downward sloping trendline
- 9SMA crossed BELOW 21 SUPER BEARISH
- 9 about to cross below 100SMA (super bearish)
- Getting rejected @ 100SMA 1480ish
- Bear target #1 1300ish HAS BEEN HIT
- Broke BELOW BF channel for FIRST TIME!
- Bear target #2 $1000 - $1200 liquidity zone
- Bear target #3 re-test June low
I'm ultimately looking for a $300 - $400 macro bottom for ETH. Does this sound crazy? Yes, it does, so please keep an open mind & be objective.
We'll focus on the charts & data together & update our thoughts as new data comes into play.
Cheers!
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.