EthereumShort
Eth | Watch this dead cat bounce.
is the garbage fire going to continue burning?
Black = Monthly levels
Merlot = Weekly levels
Red = Daily lvl's
Orange = 4hr lvl's
Yellow = 1hr lvl's
Eth hit the 4hr range trend and broke its uptrend. The FrontSide (FS) 1hr combo level ($966 area) looks like a great target to keep the structure in an uptrend. The steeper the trend angles, the harder / longer it will be to decycle and test their vertices.
breaking the current daily trend to retest the lower support levels will give eth the opportunity to create a weekly trend.
The 1hr origin level is going to fuel a nice move upwards if broken. If not, there could be a nice "dip" coming.
#ethgate
Black = Monthly levels
Merlot = Weekly levels
Red = Daily lvl's
Orange = 4hr lvl's
Yellow = 1hr lvl's
Eth hit the 4hr range trend and broke its uptrend. The FrontSide (FS) 1hr combo level ($966 area) looks like a great target to keep the structure in an uptrend. The steeper the trend angles, the harder / longer it will be to decycle and test their vertices.
breaking the current daily trend to retest the lower support levels will give eth the opportunity to create a weekly trend.
The 1hr origin level is going to fuel a nice move upwards if broken. If not, there could be a nice "dip" coming.
#ethgate
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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.