Ethereum (ETH) - smart algorithm defined the potential DUMP to $
Hello, Community!
Today, we will delve into the current price action of Ethereum
ETH using cutting-edge SmartBot.
Let's take a look at the 1h time frame ETHUSDT price chart. Couple of days ago SmartBot has created the base which had been already broken. This base have high probability to be retested, that's why script has printed the potential support levels below this base.
Yesterday ETH price has already broken the first support level at $1922 and today had the first attempt to retest the base line, but failed. It's absolutely normal for this automated strategy because it uses DCA approach, doubling the position at every price level.
After the fake pump which Bitcoin demonstrated today ETH followed it and also continue dumping. Price has reached the second strong support and strategy added to the position at the wick. Now we can see the dynamic projection of the strong resistance where all trades should be closed at the green line at $1972.
Of course we should be ready for the negative scenario with the dump continuation. SmartBot is ready to add to position at the next revealed support level at $1784.
🔥We extend our heartfelt gratitude for your continued support and urge you to stay updated with our latest developments. Kindly show your support by smashing the rocket button (🚀) and staying connected with us as we revolutionize the trading landscape.🔥
Today, we will delve into the current price action of Ethereum
ETH using cutting-edge SmartBot.Let's take a look at the 1h time frame ETHUSDT price chart. Couple of days ago SmartBot has created the base which had been already broken. This base have high probability to be retested, that's why script has printed the potential support levels below this base.
Yesterday ETH price has already broken the first support level at $1922 and today had the first attempt to retest the base line, but failed. It's absolutely normal for this automated strategy because it uses DCA approach, doubling the position at every price level.
After the fake pump which Bitcoin demonstrated today ETH followed it and also continue dumping. Price has reached the second strong support and strategy added to the position at the wick. Now we can see the dynamic projection of the strong resistance where all trades should be closed at the green line at $1972.
Of course we should be ready for the negative scenario with the dump continuation. SmartBot is ready to add to position at the next revealed support level at $1784.
🔥We extend our heartfelt gratitude for your continued support and urge you to stay updated with our latest developments. Kindly show your support by smashing the rocket button (🚀) and staying connected with us as we revolutionize the trading landscape.🔥
Get access to private PineScript strategies and turn script alerts into orders at your exchange account with easy-to-set up bots
Get free alert bot:
skyrexio.com
Get free alert bot:
skyrexio.com
Related publications
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.