Let's check ETH/USD. We can see that the price found first weekly supply at the price around $3250.00 per ETH.
If we zoom the chart to the lower timeframe we can realise that the price could fall all the way down to the monthly demand zone at $1750.00 if we broke the first support at $2750.00.
If we zoom the chart to the lower timeframe we can realise that the price could fall all the way down to the monthly demand zone at $1750.00 if we broke the first support at $2750.00.
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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.