EthereumLong
ETH Confidence Zones
Just an update on the evolving model.
I'm not particularly impressed either side with the action lately. Purely based on price, we would hope to see ETH in and above the green zone, which is volume/supply defined upper resistance.
The patterns from previous runs favour that move with some fake-outs and stop raids.
I won't be concerned unless there is an unrelenting test of the red zone below. Stay long and strong, don't worry about some of the BS, fundamentals are unchanged.
I'm not particularly impressed either side with the action lately. Purely based on price, we would hope to see ETH in and above the green zone, which is volume/supply defined upper resistance.
The patterns from previous runs favour that move with some fake-outs and stop raids.
I won't be concerned unless there is an unrelenting test of the red zone below. Stay long and strong, don't worry about some of the BS, fundamentals are unchanged.
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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.