-Although we have broken daily downtrend, market sentiment is still overall bearish
-Fear & Greed Index sitting around 30 (fear)
-Fractal taken from approx 27/12/21 - 28/05/22
-Price difference between high ($3595~) and low ($2142~) on fractal is $1435
-Current area of interest approx 13/06/22 - 20/07/22 (today's date)
-Price difference between high ($1633~) and low ($879~) in current area of interest is $754
-Price different between fractal high/low and current area of interest high/low, is approximately half
-Possible bull trap ?
If this fractal plays out there is potential for ETH to retrace to the 1.168 of the current run to approx $613~
-Fear & Greed Index sitting around 30 (fear)
-Fractal taken from approx 27/12/21 - 28/05/22
-Price difference between high ($3595~) and low ($2142~) on fractal is $1435
-Current area of interest approx 13/06/22 - 20/07/22 (today's date)
-Price difference between high ($1633~) and low ($879~) in current area of interest is $754
-Price different between fractal high/low and current area of interest high/low, is approximately half
-Possible bull trap ?
If this fractal plays out there is potential for ETH to retrace to the 1.168 of the current run to approx $613~
Nota
DXY also bounced off supportNota
-DXY holding at support. -ETH broken uptrend
-Created lower high
-Sitting below 15 min EMA & ATR
-Above 1 & 4hr EMAs
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.