Forecast for
ETH:The wave movement of
ETH is very clear on the daily timeframe, with a zigzag correction wave countering the impulsive increase from $2200 to $4100.It's almost similar to BTC's impulsive increase being responded to with zigzag correction waves.
Let's do something: the perfect dip area is $2400 on the first touch, but it's still susceptible to selling pressure forming a "swing failure pattern" or wick pressure, which will form several patterns from bull divs or IH&S.
The last support dip is around $2111, because if a breakdown occurs with full volume in that area, it will lead to bearish momentum. But 90% of the time, this doesn't happen in the phase after halving.
Safety waves in the market—don't become a liquid man ❤️
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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.