The pretty same story as BTC. After H&S was formed the price went down and is currently is about to reach Fib 0.786 support level where can be a bounce back. Threats are the same as for BTC the price is at the edge of lower Bollinger line and red line of Ichi cloud is above the green line. However Stoch RSI and MACD are positive and in case of volume increase there can be a rebound to the $730 zone.
Trade active
Ethereum price is right at the Fib 0.786 level. It's being dumped simultaneously with BTC, however we got a FOMO candle this night at BTC chart which means that manipulating is about to finish and there should be a reversalTrade active
Broke down the support level, the consolidation is not over and price movement is affected by BTC dumps. Our scenario of fast rebound has been broken. After large H&S was formed we may see $300 level
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.