اثيريومتم تحديثه Did you get caught in the hype?
Hello! Fast update here.
Sadly, ETH never reached my target of 200$ before bears decided to step in and fiercly so.
We got cut short at 170$.
No matter where the market goes from here, i still argue that long term wise - this is a good place to average in.
If you're trading this market i would look for a bounce this current area or 100$. but tread with caution.
I think we have a lot of sideways action a head of us once we reach new lows.
One scenario that can change the current movement is a break above the trendline that has rejected us several times thus far.
Sadly, ETH never reached my target of 200$ before bears decided to step in and fiercly so.
We got cut short at 170$.
No matter where the market goes from here, i still argue that long term wise - this is a good place to average in.
If you're trading this market i would look for a bounce this current area or 100$. but tread with caution.
I think we have a lot of sideways action a head of us once we reach new lows.
One scenario that can change the current movement is a break above the trendline that has rejected us several times thus far.
ملاحظة
lower resistance reached (130$) , now we will see if its strong enough to continue to upper resistance (140$) or start to make right shoulder directly from here.If you're trading the bounce, i suggest close some of your position with good profit.
ملاحظة
Looks like another bounce could happen on the dailyملاحظة
Was a very small bounce 120->132 that got sold off (post above).Now we are breaking down - we are looking to test the 100$ range again.
ملاحظة
My reflection over current price movment is depicting something like this.Will keep it updated as we move
ملاحظة
Fib circle action 30th Janملاحظة
40-60$ bottom of channel trendملاحظة
Relevant information - this channel is legit ملاحظة
long term projectionbaseline somewhere around 50-30$
ملاحظة
We have max 1 monthly red candle left before we should be greenLOG scale
ملاحظة
Capitulationملاحظة
It's starting to crumbleملاحظة
Remember 30th Janملاحظة
We dig deeper for support as expected~~!ملاحظة
Following the chart nicely.ملاحظة
Let's see what happens now. A break here could cause a much larger bullish move. Right now its touching the exact area where i expect a drop. It should drop with a high velocity if it gets rejected...
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.
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.