Possible false breakout in ETHUSD, which might signal the continuation of previous trend or reversal...i am with the bulls..check my previous post for further details regarding take and stop levels.)
Anyhow, considering order book currently i see the supply is more than demand, which in my understanding should mean that supply line moves lower in order to reach equilibrium, resulting lowering of the price.. another possibility for reaching equilibrium is with increase of unknown-unseen (at least for me..) demand. Whatever is the case, hopefully we'll see and understand.
Risks should be calculated by your own.
Share your own opinion and follow me to stay updated.
Anyhow, considering order book currently i see the supply is more than demand, which in my understanding should mean that supply line moves lower in order to reach equilibrium, resulting lowering of the price.. another possibility for reaching equilibrium is with increase of unknown-unseen (at least for me..) demand. Whatever is the case, hopefully we'll see and understand.
Risks should be calculated by your own.
Share your own opinion and follow me to stay updated.
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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.