ETH - Potential New Channel Forming
Now that we have a trend break and new low, I'll expect prices to correct in the immediate short term.
But with most support at 1700, I suspect prices will ultimately land there, with a few short term corrections up.
So I think the new trend is a less steep, more gradual move down to 1700.
Will update with new price action as we go.
As always, follow along for updates.
🤙🏽
But with most support at 1700, I suspect prices will ultimately land there, with a few short term corrections up.
So I think the new trend is a less steep, more gradual move down to 1700.
Will update with new price action as we go.
As always, follow along for updates.
🤙🏽
Note
Channel invalidated. Stay tuned for more
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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.