ETH - if daily close under support, we might revisit "D support"
Updated
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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