This analysis is an update of the analysis you see in the "Related publications" section
Ethereum has finally reached the flip zone.
Pay close attention: Ethereum dominance is sitting on monthly support, which is a level with strong bounce potential.
We have two possible scenarios for Ethereum | either it breaks through the flip zone, or it makes a correction and turns bullish again from around the bottom.
⚠️ What’s clear is that shorting Ethereum is risky and doesn’t make sense!
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Ethereum has finally reached the flip zone.
Pay close attention: Ethereum dominance is sitting on monthly support, which is a level with strong bounce potential.
We have two possible scenarios for Ethereum | either it breaks through the flip zone, or it makes a correction and turns bullish again from around the bottom.
⚠️ What’s clear is that shorting Ethereum is risky and doesn’t make sense!
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
In the previous analysis, we mentioned that Ethereum dominance had hit the monthly support, making shorting Ethereum an illogical and risky move. We also stated that there were two possible scenarios and that the red zone might be broken directly | which is exactly what happened.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.