Market Instrument: ETHUSDT
Timeframe: Daily
Analysis: Technical
Structure: Support and Trend line Breakout
Prediction: Bearish
With the previous analysis was expecting the price to show up a reversal and by now the trend line and looked over support has breached with a strong bearish trend. While the fact of invalidating the previous analysis I am looking into a support level holding at $1700 where it seems very important at this stage with an expectation of a further decline in prices for ethereum.
Timeframe: Daily
Analysis: Technical
Structure: Support and Trend line Breakout
Prediction: Bearish
With the previous analysis was expecting the price to show up a reversal and by now the trend line and looked over support has breached with a strong bearish trend. While the fact of invalidating the previous analysis I am looking into a support level holding at $1700 where it seems very important at this stage with an expectation of a further decline in prices for ethereum.
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.
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.