ETH chart on 1W Time Frame
Looking ETH here bouncing on support for a second time .
If ETH does not manage to hold this level I will be expecting a retracement back to $1,710 - $1,800 .
And if it gets worst I will be expecting a bounce around the first blue box of support around the $1,000 - $1,300 .
If we fail to support that area my guess its that we will be going more down very hard and fast .
Now lets see a more bullish scenario on ETH .
Lets consider that we will hold this level and bounce , In this case I would expect a pump to retest $3,200 and then $3,500 - $3,600 .
Moreover, in the case we get even more bullish , we could visit $4,000 and more levels as we go up .
NOTE : I would NOT enter very big longs or shorts positions , as taking into consideration the current geopolitical factors affecting the markets there is uncertainty and too much volatility when it comes to moving . So be careful and consider using stop loss.
DONT TRADE WHAT YOU CANT AFFORD TO LOSE !
If ETH does not manage to hold this level I will be expecting a retracement back to $1,710 - $1,800 .
And if it gets worst I will be expecting a bounce around the first blue box of support around the $1,000 - $1,300 .
If we fail to support that area my guess its that we will be going more down very hard and fast .
Now lets see a more bullish scenario on ETH .
Lets consider that we will hold this level and bounce , In this case I would expect a pump to retest $3,200 and then $3,500 - $3,600 .
Moreover, in the case we get even more bullish , we could visit $4,000 and more levels as we go up .
NOTE : I would NOT enter very big longs or shorts positions , as taking into consideration the current geopolitical factors affecting the markets there is uncertainty and too much volatility when it comes to moving . So be careful and consider using stop loss.
DONT TRADE WHAT YOU CANT AFFORD TO LOSE !
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