Hello Traders,
Today's chart will be focused on ETHUSDT
Points to consider here,
- Price is coming into an Apex area - decision time
- Testing major support (Green Zone)
- Fibonacci retracment .618 is in confluence with major support
- RSI is approaching major overextended levels
- Stoch's is on downwards momentum
- EMA's acting is resistance giving price pressure
- Volume is rapidly declining signalling a major move !
ETHUSDT is in a critical time where if it breaks this major support we may be headed to re-test yearly lows, the volume is a good indicator of a major move coming (declining Volume currently). If ETHUSDT is able to hold support and break up through this apex then we're looking to re-test resistance at approximately $268.20 area...
what are your thoughts? please leave a like and comment!
and remember,
“Losses are necessary, as long as they are associated with a technique to help you learn from them”― David Sikhosana,
Today's chart will be focused on ETHUSDT
Points to consider here,
- Price is coming into an Apex area - decision time
- Testing major support (Green Zone)
- Fibonacci retracment .618 is in confluence with major support
- RSI is approaching major overextended levels
- Stoch's is on downwards momentum
- EMA's acting is resistance giving price pressure
- Volume is rapidly declining signalling a major move !
ETHUSDT is in a critical time where if it breaks this major support we may be headed to re-test yearly lows, the volume is a good indicator of a major move coming (declining Volume currently). If ETHUSDT is able to hold support and break up through this apex then we're looking to re-test resistance at approximately $268.20 area...
what are your thoughts? please leave a like and comment!
and remember,
“Losses are necessary, as long as they are associated with a technique to help you learn from them”― David Sikhosana,
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.
Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.