Ethereum / TetherUS
Short

ETH

117
Ethereum, after we broke that straight line support, as I had said on 7/12/2021. I said that I was likely to see the price of the asset devalue, because when we have an impulsive movement, there is a correction, as charles down said. Now we see a pattern of continued decline (Cup And Handle Complexo) giving continuity of the asset's decline. target of this drop will put the price at 1773.62. Exactly a price REGION where bulls tend to hold the price. Probably when we get to this region we will see the price halfway to the side or a possible bearish flag giving the fall even more continuity. And of course, for this to happen, we have to have confirmation of price break 2111.

DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.

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.