I am expecting a bullish move for ETH because on the Weekly chart we have formed liquidity above the equal highs. The price on Weekly reacted for an imbalance and formed a bullish trend.
On the 4 Hours chart we can see a change in the structure, reactions from Demand Zones and a flip of a Supply Zone (the mitigation of the supply and then getting liquidated) which is a bullish sign.
If the price goes below the 4 Hours Demand and closes below, then we might see a bearish retracement on the weekly to fill more Imbalances.
On the 4 Hours chart we can see a change in the structure, reactions from Demand Zones and a flip of a Supply Zone (the mitigation of the supply and then getting liquidated) which is a bullish sign.
If the price goes below the 4 Hours Demand and closes below, then we might see a bearish retracement on the weekly to fill more Imbalances.
Note
Target Reached
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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.