Hello Traders,
Today's chart will be focused on ETHUSDT
Points to consider here,
- Price is coming into an Apex area - decision time
- Testing major support (Green Zone)
- Fibonacci retracment .618 is in confluence with major support
- RSI is approaching major overextended levels
- Stoch's is on downwards momentum
- EMA's acting is resistance giving price pressure
- Volume is rapidly declining signalling a major move !
ETHUSDT is in a critical time where if it breaks this major support we may be headed to re-test yearly lows, the volume is a good indicator of a major move coming (declining Volume currently). If ETHUSDT is able to hold support and break up through this apex then we're looking to re-test resistance at approximately $268.20 area...
what are your thoughts? please leave a like and comment!
and remember,
“Losses are necessary, as long as they are associated with a technique to help you learn from them”― David Sikhosana,
Today's chart will be focused on ETHUSDT
Points to consider here,
- Price is coming into an Apex area - decision time
- Testing major support (Green Zone)
- Fibonacci retracment .618 is in confluence with major support
- RSI is approaching major overextended levels
- Stoch's is on downwards momentum
- EMA's acting is resistance giving price pressure
- Volume is rapidly declining signalling a major move !
ETHUSDT is in a critical time where if it breaks this major support we may be headed to re-test yearly lows, the volume is a good indicator of a major move coming (declining Volume currently). If ETHUSDT is able to hold support and break up through this apex then we're looking to re-test resistance at approximately $268.20 area...
what are your thoughts? please leave a like and comment!
and remember,
“Losses are necessary, as long as they are associated with a technique to help you learn from them”― David Sikhosana,