Hi All,
As you can see, its broken a key support trend line.
It seems on the weekly we still have more downward pressure and in my opinion, the next level is here with a possible reversal.
As per my chart, I have the ABCDE spanning wedge confirmed and there are 2 levels...I think this is the next target.
Note the bearish signs on the weekly indicators...they all back each other.
On the 2 day, we are looking like having a bounce however short lived.
If you see a bullish candle, flip for the short term but short it at a key level.
Regards,
S.SAri
As you can see, its broken a key support trend line.
It seems on the weekly we still have more downward pressure and in my opinion, the next level is here with a possible reversal.
As per my chart, I have the ABCDE spanning wedge confirmed and there are 2 levels...I think this is the next target.
Note the bearish signs on the weekly indicators...they all back each other.
On the 2 day, we are looking like having a bounce however short lived.
If you see a bullish candle, flip for the short term but short it at a key level.
Regards,
S.SAri
Note
wasn't far off to the blue resistance lineNote
That bullish div. gave it a bounce more than I expected. currently resistance area and it seems $740 for ethereum. 
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
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.