In my last ETH analysis I talked about the channel that we have been trading in for almost two weeks now, see purple lines.
After the bearish break out occurred, we saw ETH moving to my target of $1400. However, the FOMC meeting had investors pouring back into ETH, making the asset reach almost $1700.
However, ETH failed to break through the top resistance of the channel. This rejection combined with a severely overbought RSI may cause a bearish move.
In that case, I'm looking at the middle purple line for a potential reversal. If this support fails to hold, expect a further sell off towards the bottom blue support line.
After the bearish break out occurred, we saw ETH moving to my target of $1400. However, the FOMC meeting had investors pouring back into ETH, making the asset reach almost $1700.
However, ETH failed to break through the top resistance of the channel. This rejection combined with a severely overbought RSI may cause a bearish move.
In that case, I'm looking at the middle purple line for a potential reversal. If this support fails to hold, expect a further sell off towards the bottom blue support line.
Nota
And there's the break out. Entry signal from the bottom support is invalidated.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Pubblicazioni correlate
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.