Ethereum - Bearish M-Pattern, DEMAND Zone Approaching

ETH is still correcting after the bearish chart pattern (M-Pattern) formed.

The next major demand zone is identified two ways:

✅- Connected with the longstanding diagonal trendline, which acts as a support
✅- Bounce zone for previous major candle wick
✅- Previous resistance, then support, now about to be retested as support

As a first stop, the lower white trendline can be used as a price range guage:
istantanea

Remember that the price will remain bearish until daily candles start to close ABOVE the red trendline, in which event it will turn green.

________________________
ETHUSD ETHUSDT

Nota
ETH approaching the support zone fast - hopefully we'll see a bounce there.
ALTSDemand ZoneETHEthereum (Cryptocurrency)ETHUSDETHUSDTethusdtshortTechnical Indicatorssupply_and_demandSupply and DemandTrend LinesTrend Line Break

Discord Server
discord.gg/xHJRka3

Cryptocheck Website
thecryptocheck.com

SoftQuant Website
softquant.io

Pubblicazioni correlate

Declinazione di responsabilità