EthereumMis à jour ETHUSD - Failed Rally, or 'Chink in the Armor'?
There is no denying the Bearish Downtrend, to think otherwise would be costly. But, has Saturday's recent rally been a failed one, or have the Bulls put a small chink in the armor?
In a previous post, I more fully outlined a the recent bearish stepping pattern that seems to have been occurring since Jan. 14th (See below). It is very strong.
The larger market body is calling for a retest of $100, and maybe the Bears will get it. Will the Bulls put up with it - remains to be seen. The previous psychological $100 brought about the same response, lackluster with its moments of "decent" volume uptick, but still stronger than the recent leg down.
I think price action will ride its way down to the $104, and the $100 is going to be the line to watch. If there is a small window through this defense line, the Bull are going to have to convincingly exploit it.
Good luck!
Full Post: Predictable Bearish Pattern? :
![ETHUSD - 1H Trend Lost, Predictable Bearish Pattern? [Refined]](https://s3.tradingview.com/8/8BcruUao_mid.png)
Related Post: 1H Tightening. Break & Test Trendline or Test $100"
In a previous post, I more fully outlined a the recent bearish stepping pattern that seems to have been occurring since Jan. 14th (See below). It is very strong.
The larger market body is calling for a retest of $100, and maybe the Bears will get it. Will the Bulls put up with it - remains to be seen. The previous psychological $100 brought about the same response, lackluster with its moments of "decent" volume uptick, but still stronger than the recent leg down.
I think price action will ride its way down to the $104, and the $100 is going to be the line to watch. If there is a small window through this defense line, the Bull are going to have to convincingly exploit it.
Good luck!
Full Post: Predictable Bearish Pattern? :
Related Post: 1H Tightening. Break & Test Trendline or Test $100"
Transaction en cours
Is ETH USD about to break a month long short term downtrend? OR, will it have another helping of regression?
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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.