ETH at the crossroads❌

٢١ يناير ٢٠٢٢

Ethereum just dropped to strong support level 2780-2650. It's confluence of trendlines and market structure. Let's see if it holds. If not another support is 2050-1950.

ETHBTC also at long-term uptrendline support.


I rather expect bounce than breakdown.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

٣١ يناير ٢٠٢٢

ملاحظة

Price went through the 2780-2650 zone (former support, now resistance) and trendlines confluence like hot knife through butter. Getting back above them would be bullish🐂

٣ فبراير ٢٠٢٢

ملاحظة

Price backtested the previously broken uptrendline (yellow) and got rejected. Let's see if the lower edge of the falling wedge (changed color to orange) will provide any support.

٥ فبراير ٢٠٢٢

ملاحظة

So the lower edge of the falling wedge (orange) served as launchapad and ETH tried to break up once again and suceeded - price just closed back above the yellow uptrendline and that 2780-2650 resistance (now support). Next hurdle being the upper edge of the falling wedge (orange), strong resistance expected. Price to range between these levels?

٧ فبراير ٢٠٢٢

ملاحظة

Here we are ... at the orange downtrendline resistance. I rather expect pullback to yellow uptrendline & 2780-2650 support.