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Good afternoon, on Ether as we thought yesterday went to the correction, in the beginning of the correction felt worse than bitcoin, but later the dominance of altcoins started to grow and did not let the price dump heavily.
Now we will take a look at the important movement levels and discuss the possible maneuvers of Ethereum in the moment of switching to PoS. If the SPX500 fails and flies below the important 3875 levels, the Etherium Pos will not help, it will go down.
Long.
The Ethereum needs to consolidate above the level of 1652, and if we see an accumulation at 1580-1600 without breaking the structure, consolidation over 1652 will give an opportunity to go to 1825, if we see there an active buyer, we go to the LOCAL cycle break, maybe even see 2600
Short
If the Ether consolidates under 1580, if there is no buyer, we go to 1425. If we consolidate under 1425, we go to close the gap at 1285.
WARNING
EFIRIUM has record inflows of koin to exchanges, be careful!
P.S.
I do not adhere to a time frame in my analysis of the instrument, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and the seller. Well, a couple more secrets, but you already have some ready-made material)))
Good afternoon, on Ether as we thought yesterday went to the correction, in the beginning of the correction felt worse than bitcoin, but later the dominance of altcoins started to grow and did not let the price dump heavily.
Now we will take a look at the important movement levels and discuss the possible maneuvers of Ethereum in the moment of switching to PoS. If the SPX500 fails and flies below the important 3875 levels, the Etherium Pos will not help, it will go down.
Long.
The Ethereum needs to consolidate above the level of 1652, and if we see an accumulation at 1580-1600 without breaking the structure, consolidation over 1652 will give an opportunity to go to 1825, if we see there an active buyer, we go to the LOCAL cycle break, maybe even see 2600
Short
If the Ether consolidates under 1580, if there is no buyer, we go to 1425. If we consolidate under 1425, we go to close the gap at 1285.
WARNING
EFIRIUM has record inflows of koin to exchanges, be careful!
P.S.
I do not adhere to a time frame in my analysis of the instrument, the reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and the seller. Well, a couple more secrets, but you already have some ready-made material)))
