Good morning dear friends!
The ether showed good organic growth until 195. A goal of 200 cannot be taken without correction.
Falling volumes indicate this and weakening interest on the part of the buyer.
Nevertheless, in general, the situation with Ethereum remains neutral
If we expand the direction of the Thomas DeMark trend by TF, then at the moment we get:
Week - flat (a bearish trend is possible)
Day is bullish
4 hours - flat
Today I expect a continued correction on ETHUSD. The pressure of the bears is too great to count on severe pullbacks to highs shortly.
If this scenario is realized, a change of mood in the market is likely for more abundant TFs, which will be the beginning of a more massive correction.
The buyer's area is between 173 - 182 USD.
The level of the bearish scenario cancellation is 192.28
The lower threshold for the day - 175 USD
The upper limit for the day - 194 USD
Good luck to everyone and good profits!
Regards,
Michael @Hyipov
===================================================
Like and subscribe if you liked the material.
I will be glad to any message.
Thank you very much
Everyone GTI
Dear Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
The ether showed good organic growth until 195. A goal of 200 cannot be taken without correction.
Falling volumes indicate this and weakening interest on the part of the buyer.
Nevertheless, in general, the situation with Ethereum remains neutral
If we expand the direction of the Thomas DeMark trend by TF, then at the moment we get:
Week - flat (a bearish trend is possible)
Day is bullish
4 hours - flat
Today I expect a continued correction on ETHUSD. The pressure of the bears is too great to count on severe pullbacks to highs shortly.
If this scenario is realized, a change of mood in the market is likely for more abundant TFs, which will be the beginning of a more massive correction.
The buyer's area is between 173 - 182 USD.
The level of the bearish scenario cancellation is 192.28
The lower threshold for the day - 175 USD
The upper limit for the day - 194 USD
Good luck to everyone and good profits!
Regards,
Michael @Hyipov
===================================================
Like and subscribe if you liked the material.
I will be glad to any message.
Thank you very much
Everyone GTI
Dear Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
My TG blog t.me/techhypov
Related publications
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.
My TG blog t.me/techhypov
Related publications
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.