Hello guys!
After a strong rally, ETH finally hit the Decision Point (DP) zone marked above. Like what I said:
And we’ve already seen signs of rejection from that level.
🔹 The ascending trendline is broken
🔹 A key support got engulfed
🔹 Price is now forming a bearish structure
The target zone is mapped out around $3,500 – $3,470, where previous demand sits.
We might see a small pullback before continuation, but overall momentum is shifting downward.
Wait for confirmations and protect your capital
After a strong rally, ETH finally hit the Decision Point (DP) zone marked above. Like what I said:
And we’ve already seen signs of rejection from that level.
🔹 The ascending trendline is broken
🔹 A key support got engulfed
🔹 Price is now forming a bearish structure
The target zone is mapped out around $3,500 – $3,470, where previous demand sits.
We might see a small pullback before continuation, but overall momentum is shifting downward.
Wait for confirmations and protect your capital
Trade active
Trade closed: target reached
The target has been touched
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
____
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
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 recommended broker: bit.ly/HYMCMELI
____
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
____
Telegram channel: t.me/melikatrader94
Forex telegram channel: t.me/melikatrader94GoldForex
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.