ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF.
RSI's trendline was also broken which increases the probability that prices will continue the down direction.
In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this trade.
Here below is the view in 1W TF:
Trade attivo
TP1 $1220 was hit.
Trade chiuso manualmente
BTC and the whole market is strong. Better close trade here and wait for a reactivation later.
Trade attivo
Trade reactivated
Trade chiuso manualmente
Trade closed because BTC has some early sign to breakout specially with MFI (to be confirmed)
Trade attivo
BTC is weak although stock has risen.
Trade chiuso manualmente
Trade closed waiting for better entry and condition.
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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.