EthereumShort
ETHUSD More Downside To Follow But When Will It Stop?
Hi Guys,
In this analysis, I will share my opinion on ETHUSD. This may not be so technical rather I want to explain what I think can happen.
Now, ETHUSD is moving lower very significantly, and many traders think that the "hype" is gone. However, I think there is a pretty good chance, structure wise to revisit the low of 357.87 with a big spike lower, followed by a massive rally.
Why? because the 357.87 is a significant swing low and many traders may think that when that area breaks ETHUSD is going to crash to 50 or lower. But I think that there is a good chance for ETHUSD to rally after revisiting that area based on the sentiment cycle:
How? Simple, ETHUSD can just become a big flat pattern shown in the chart.
Anyway, bookmark this analysis and we will see what will happen. As the short-term time frame is concerned I am expecting way more downside.
Hope this helps.
In this analysis, I will share my opinion on ETHUSD. This may not be so technical rather I want to explain what I think can happen.
Now, ETHUSD is moving lower very significantly, and many traders think that the "hype" is gone. However, I think there is a pretty good chance, structure wise to revisit the low of 357.87 with a big spike lower, followed by a massive rally.
Why? because the 357.87 is a significant swing low and many traders may think that when that area breaks ETHUSD is going to crash to 50 or lower. But I think that there is a good chance for ETHUSD to rally after revisiting that area based on the sentiment cycle:
How? Simple, ETHUSD can just become a big flat pattern shown in the chart.
Anyway, bookmark this analysis and we will see what will happen. As the short-term time frame is concerned I am expecting way more downside.
Hope this helps.
Publications connexes
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.
Publications connexes
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.