ETH ANALYSIS: BUY THE NEXT DUMP
ETH ANALYSIS:
ETH is pushing up on a relief rally after falling below $100. ETH is forming a strong C clamp formation that could end in another rapid decrease back into support near 100-110. Ideal entry is below 110 and recommend to stagger bids to the lower end as well. The double bottom inside the the green box will confirm a new support. I expect a bounce off this level back up towards the layers of resistance at T1 of 141 and T2 of 166. Daily resistance block will be holding a large number of sellers as the markets enters back into a bear territory.
Possible Entries: 100-110
ETH is pushing up on a relief rally after falling below $100. ETH is forming a strong C clamp formation that could end in another rapid decrease back into support near 100-110. Ideal entry is below 110 and recommend to stagger bids to the lower end as well. The double bottom inside the the green box will confirm a new support. I expect a bounce off this level back up towards the layers of resistance at T1 of 141 and T2 of 166. Daily resistance block will be holding a large number of sellers as the markets enters back into a bear territory.
Possible Entries: 100-110
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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.