ETHUSDTHello everyone 😃
As I'm writing this update; BTC has been rejected from daily MA200 and ETH is stuck below monthly resistance !
So there could be a retracement to lower levels...
Now, bearish order block has been formed and ETH is currently moving into a descending channel.
It's most likely that recent bounces was over scaled on technical view, So we might see ~15% correction.
However I won't get fully bearish till 45K; But I think it could be good for us to have taste of SHORTs from here.
Also on BTC's chart :
BTC has retested the daily MA200 and there any sign of attempts to breakout !
So it seems that bulls are easily ignored the uptrend movement...
🔴 Above descending channel or order block will invalidate the setup.
Hope you enjoyed our analysis about Sentiment view on ETH's possible correction🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
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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.