Etheruem is looking extremely weak at the moment, we have just broken a ercent swing low and looking downwards towards the previous range.
I have a few levels below that give me confluence to believe that ETH will drop as well as many altcoins unless we absoultely find a bounce and soon.
Below you can find the Previous Range point of control marked in Blue.
We also have a weekly level which fueled the latest massive rally.
And lastly a long term upwards trendling dating back nearly 10 years to 2015, and it comes in perfectly with all the other levels making it a massive support zone.
This may mean signal BTC pulling away or maintaing its price level. Albiet, the candles below us would suggest a swift move to the downside as opposed to a slow bleed.
I will be watching this to be a potentiall accumulation period for ETH.
I have a few levels below that give me confluence to believe that ETH will drop as well as many altcoins unless we absoultely find a bounce and soon.
Below you can find the Previous Range point of control marked in Blue.
We also have a weekly level which fueled the latest massive rally.
And lastly a long term upwards trendling dating back nearly 10 years to 2015, and it comes in perfectly with all the other levels making it a massive support zone.
This may mean signal BTC pulling away or maintaing its price level. Albiet, the candles below us would suggest a swift move to the downside as opposed to a slow bleed.
I will be watching this to be a potentiall accumulation period for ETH.
Note
This is technical bounce zone for ETH. The reason I remain bearish is because the previous Value Area Low was already lost and retested. Unless this bounce brings us back into it, I believe the probability is more likely to test the liquidity and trendline below. Note
ETH found a nice bounce as I was prepared for. No trade at the momentTrade active
Looking to start building positions on ETH now! I have been accumulating at 3k, and would like to see the next big move start soon. Good luck!
Note
Looking through this chart once again, it tells me 2 tales, 1. Potential reclaim of the value area high here from the previous range, which would be a bullish sign to trade the rotation to the prev range.
2. Perhaps we are going lower for an sfp of the poc , signalling one last pop for bitcoin before the alt season begins. This might be more likely to be the true bottom.
Note
what a compound on eth would look like Note
Where I believe the resistance would sit here at the previous VAL, layered with the anchored vwap Note
the time has come my friends Note
Looking for an SFP of this zone, or perhaps accumulation before a reversal Note
Perhaps, the alt season has finally begun Note
Key Level here which will need to be flipped 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.