In my previous analysis on Ethereum I talked about the bear market resistance which was being tested back then. My anticipated break out didn't occur, so no trade has been made.

As of today, ETH has bounced from the bear market resistance, but also fallen through the bottom diagonal support line, which is making this setup even more bearish.
In my view, we're likely going to retest the top yellow area. If that fails to hold, we might even fall to the second one.

As of today, ETH has bounced from the bear market resistance, but also fallen through the bottom diagonal support line, which is making this setup even more bearish.
In my view, we're likely going to retest the top yellow area. If that fails to hold, we might even fall to the second one.
Nota
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🎯Official Channel: t.me/FieryTradingChannel
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✅Monster Signals: t.me/monster_cryptosignals
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
