ETHEREUM weekly chart shows the retest of the current all time high supply roof of 5000k zone by heavy sell order from retail and institutional investors who are taking profit from the supply zone after a heavy bullish rally.
the rejection at 5000k zone is correct and it is based on market structure. This correction will be monitored for aggressive sell off.if we uphold the weekly candle close ascending trendline acting a dynamic resistance to upswing on three different occasion than we are looking for buy opening.
i see a break of the current high of 5000k to reach a high above 6000k region after a correction phase by market participants .
trading is 100% probability, manage your risk
protect your capital at all time.
no trade is better than a bad trade
think like a hunter,a hunter save his bullet for a big kill.
GOOD LUCK
AND START THE WEEK STRONG.
BYE.
the rejection at 5000k zone is correct and it is based on market structure. This correction will be monitored for aggressive sell off.if we uphold the weekly candle close ascending trendline acting a dynamic resistance to upswing on three different occasion than we are looking for buy opening.
i see a break of the current high of 5000k to reach a high above 6000k region after a correction phase by market participants .
trading is 100% probability, manage your risk
protect your capital at all time.
no trade is better than a bad trade
think like a hunter,a hunter save his bullet for a big kill.
GOOD LUCK
AND START THE WEEK STRONG.
BYE.
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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.
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.