Ethereum
Let's go for Ethereum $4000 or Ethereum $3500!!?
what do you think?
We have HH and HL on the chart so far; In other words, we do not have confirmation for a downward trend (((currently))). The resistance range that we had on the price area of $3943 has also been completely consumed.
As the resistance areas are consumed, the way to continue the upward trend is opened.
Now, on the price chart, a compression movement has been formed in the 30-minute time frame; Provided that the price range of $3,628 is maintained, there is a high possibility that we will get out of this compression from above.
But we have to be careful, the possibility of getting out of this compression from the bottom is not small. Especially since currently 68% of Ethereum holders are in profit.
what do you think?
We have HH and HL on the chart so far; In other words, we do not have confirmation for a downward trend (((currently))). The resistance range that we had on the price area of $3943 has also been completely consumed.
As the resistance areas are consumed, the way to continue the upward trend is opened.
Now, on the price chart, a compression movement has been formed in the 30-minute time frame; Provided that the price range of $3,628 is maintained, there is a high possibility that we will get out of this compression from above.
But we have to be careful, the possibility of getting out of this compression from the bottom is not small. Especially since currently 68% of Ethereum holders are in profit.
Note
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Considering the maintenance of the support areas and the consumption of the first specified resistance range; The upward scenario is valid and we expect an upward trend similar to the scenario.We can buy some in the current price range.
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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.