Ethereum / TetherUSShort
ETH continue to fall
Updated
Hi guys, let's look at the current situation for ETHUSDT on 4 hour price chart.
The price of ETH broke 1782-1760 broke support area and went as far as 1717. It might be fake breakout so I would suggest to wait and see for the correction. After this big dump it's normal that price may go for correction and only after that we will see if it was fake breakout or real.
Overall I remain bearish in crypto and don't expect that price can recover much of its loss.
There is another important support area in 1710-1667 price range. It's important to price remain under 1760 to be sure that downward movement will remain and price go to next support area.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
The price of ETH broke 1782-1760 broke support area and went as far as 1717. It might be fake breakout so I would suggest to wait and see for the correction. After this big dump it's normal that price may go for correction and only after that we will see if it was fake breakout or real.
Overall I remain bearish in crypto and don't expect that price can recover much of its loss.
There is another important support area in 1710-1667 price range. It's important to price remain under 1760 to be sure that downward movement will remain and price go to next support area.
If this post is useful to you, you can support me with like/boost and advice in comments.
Many thanks.
Note
So far everything goes as expected.
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