ETH/USDT FOMC will be soon!
Hey, traders
Let's kick off this day with ETH analysis. Well nothing surprising to us - Merge happened and there was no "hype pump" which gave us a bearish confirmation, CPI news came above 8.1 which gave another bearish confirmation and here we are now $1350.
Well Price fell actually to $1280 zone from where we had a correctional pump towards $1380 zone. For now have more confirmations for bearish pullback again because: Price is sitting at resistance zone and shows no sign of volume for now, It has reached middle phase for BB indicator, and price is under EMA200 and last one for us is that there is too much of a talk about reaching $1200 which seems to be major demand zone for short-term.
Well all this is amazing but what will mainly determine the price direction will be the meeting tmrw "FOMC". We drew several lines or possible outcomes so let's see what will be happening.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Let's kick off this day with ETH analysis. Well nothing surprising to us - Merge happened and there was no "hype pump" which gave us a bearish confirmation, CPI news came above 8.1 which gave another bearish confirmation and here we are now $1350.
Well Price fell actually to $1280 zone from where we had a correctional pump towards $1380 zone. For now have more confirmations for bearish pullback again because: Price is sitting at resistance zone and shows no sign of volume for now, It has reached middle phase for BB indicator, and price is under EMA200 and last one for us is that there is too much of a talk about reaching $1200 which seems to be major demand zone for short-term.
Well all this is amazing but what will mainly determine the price direction will be the meeting tmrw "FOMC". We drew several lines or possible outcomes so let's see what will be happening.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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