Hi Everyone
From my perspective of this extended shakeout, I believe the lowest we will go on Ethereum is around $3600 zone.
I will be able to confirm on Monday, firstly because of weekend volatility and secondly because we need to see how the Red RSI is going to react in the next 3 days (whether it will close under or above 50 in the next 3D candle).
I don't know how long this shakeout will last, but there are certain levels that MUST HOLD in order for it to be considered a shakeout in an extended bull cycle.
These levels include:
BTC :
52K
XRP : $0.85
ETH : $3600
If we keep bouncing from these zones and trade above, I will continue to consider this as an extended shakeout.
Best Regards
Ev
From my perspective of this extended shakeout, I believe the lowest we will go on Ethereum is around $3600 zone.
I will be able to confirm on Monday, firstly because of weekend volatility and secondly because we need to see how the Red RSI is going to react in the next 3 days (whether it will close under or above 50 in the next 3D candle).
I don't know how long this shakeout will last, but there are certain levels that MUST HOLD in order for it to be considered a shakeout in an extended bull cycle.
These levels include:
BTC :
52KXRP : $0.85
ETH : $3600
If we keep bouncing from these zones and trade above, I will continue to consider this as an extended shakeout.
Best Regards
Ev
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
Related publications
Disclaimer
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
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.