Ethereum / TetherUSShort
ETH 5 wave corrective cycle 1050 must hold or 300 incoming L@@K!
Not financial advice
Reasons supporting the drop
We have a death cross of 20ma has crossed down under 200 ma on the weekly
Currently trading under 200 week MA
No. 2- Notice all the green bars that need filled in to the left and also volume profile needs filled in as well.
No.3 Overall sentiment in risk on assets is weak and until we have a pivot price suppression will most likely happen.
Pretty self explanatory
If we lose 1050 we could aim for a target of 300.00 1st quarter early 2nd quarter of 2023.
The 1050 is trendline bottom from the 2020 low of ETh and is instrumental to hold
Like and follow always
#PIK
Patience is Key
#TLAW
Think Like A Whale
Reasons supporting the drop
We have a death cross of 20ma has crossed down under 200 ma on the weekly
Currently trading under 200 week MA
No. 2- Notice all the green bars that need filled in to the left and also volume profile needs filled in as well.
No.3 Overall sentiment in risk on assets is weak and until we have a pivot price suppression will most likely happen.
Pretty self explanatory
If we lose 1050 we could aim for a target of 300.00 1st quarter early 2nd quarter of 2023.
The 1050 is trendline bottom from the 2020 low of ETh and is instrumental to hold
Like and follow always
#PIK
Patience is Key
#TLAW
Think Like A Whale
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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.
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.