ETH One More Move Down Before The Big Up Move
Hello everyone:
Been looking at ETH on the higher time frame perspective, and its shaping up for some big move to the upside.
Price has been moving down since end of 2021, and it has made several impulses and corrections on the lower time frames to be able to push down the price.
Now we are getting close to previous lows, and higher time frame suggest a bigger consolidation structure is being made.
Very possible we can get the price to reverse at the bottom of the area, and resuming the bullish trend from 2020s.
Watch for price to make one more short term move down, and be on the look out for bullish reversal price action to confirm the bigger up move in the future.
Thank you
Been looking at ETH on the higher time frame perspective, and its shaping up for some big move to the upside.
Price has been moving down since end of 2021, and it has made several impulses and corrections on the lower time frames to be able to push down the price.
Now we are getting close to previous lows, and higher time frame suggest a bigger consolidation structure is being made.
Very possible we can get the price to reverse at the bottom of the area, and resuming the bullish trend from 2020s.
Watch for price to make one more short term move down, and be on the look out for bullish reversal price action to confirm the bigger up move in the future.
Thank you
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