For now ETH looks like it will close under support.
In that case, for short term period I expect some further dip to "D support" and orange scenario to playout.
If we dip under 3450$ and close there, further dive lower is probable.
Notice potential hidden bullish divergence and falling wedge in formation as potential bullish outcome.
In that case, for short term period I expect some further dip to "D support" and orange scenario to playout.
If we dip under 3450$ and close there, further dive lower is probable.
Notice potential hidden bullish divergence and falling wedge in formation as potential bullish outcome.
Note
Perfect bounce from lower boundary, ETH is again over support (possible fakeout), if manage to stay above, breakout to the upside is more probable.
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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.