This it's possible a correction toward the $900 USD!!! Good idea
At the moment, Ethereum it's show a rejection of the price in H4 chart. So, we can to see a down movement toward the $1,106 USD. Now, in this point, this it's very important to know if Ethereum break down this support that could be psycological important to form any rejection or formation of this bullish channel. So for that, we would need to know this part of manipulation when we see first a bearish risign wedge and we could have a potentail formation of bullish channel into this bearish rising wedge that I show you for you. This it's a market secret that investor and traders use to identity possible potentail of formation. But in case that Ethreum doesn't break down the $1,106 USD and show any bullish or rejection candlestick, we could to see and prefer to find down possible bought at $1,106 USD approximately to then, we can to see a target profit at $`,400 USD again, that it's in case for bullish scenario, and that I show you using this arrow model.
In H8, MACD show highe lower in the MACD signal, usign htis blue and yellow line, that show that MACD are lossing boughts, that mean possibles overbought market in H8 timeframe. Bur for that, this model it's the same of H4 timeframe. To know, if Etherem going to break down the $1,106 USD, we could to see a next movement toward the $900 USD easily.
And then, this it's the Daily chart that I wanting to share you. We see a bearish divergence in the MACD that show higher lower, and also in the same time the price action that we have this big bearish candlestick that show a overbought market.
So guys, the possibility to see the $900 USD it's 75% of probability in front of 25% that $1,106 USD make support and then up.
So, I'm in the market right now from $1,234 USD hoping the confirmation of H4 timeframe candlestick. So, I am in short position with a SL at $1,329 USD and my target it's exactly at $910 USD.
In H8, MACD show highe lower in the MACD signal, usign htis blue and yellow line, that show that MACD are lossing boughts, that mean possibles overbought market in H8 timeframe. Bur for that, this model it's the same of H4 timeframe. To know, if Etherem going to break down the $1,106 USD, we could to see a next movement toward the $900 USD easily.
And then, this it's the Daily chart that I wanting to share you. We see a bearish divergence in the MACD that show higher lower, and also in the same time the price action that we have this big bearish candlestick that show a overbought market.
So guys, the possibility to see the $900 USD it's 75% of probability in front of 25% that $1,106 USD make support and then up.
So, I'm in the market right now from $1,234 USD hoping the confirmation of H4 timeframe candlestick. So, I am in short position with a SL at $1,329 USD and my target it's exactly at $910 USD.
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.