ETHBTC Key Support| Trend Change? Bottom?
In Today’s analysis -ETHBTC- bottoming around a support region that has multiple technical confluences.
Points to consider ✍️
Point of Control Support
- Dynamic S/R Support
- Bullish Order Block Support
- .618 Fibonacci Confluence
- Swing High Objective
ETHBTC’s market structure has been bearish for a considerable period of time, price action is currently testing the POC, Bullish Order Block and the Dynamic S/R Support for a potential reversal zone.
Price Action need to establish a local bottoming structure around the .618 Fibonacci confluence zone, this will increase the probability of a bottom being in pace.
Overall, in from Bitcoin Insider’s perspective, ETHBTC is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️
Hope this analysis helps.
Points to consider ✍️
Point of Control Support
- Dynamic S/R Support
- Bullish Order Block Support
- .618 Fibonacci Confluence
- Swing High Objective
ETHBTC’s market structure has been bearish for a considerable period of time, price action is currently testing the POC, Bullish Order Block and the Dynamic S/R Support for a potential reversal zone.
Price Action need to establish a local bottoming structure around the .618 Fibonacci confluence zone, this will increase the probability of a bottom being in pace.
Overall, in from Bitcoin Insider’s perspective, ETHBTC is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️
Hope this analysis helps.
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Join for free daily report cards - bitcoininsider.world/
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.