On the 8am (SGT) candle on a 4 hour timeframe, there are 4 long rejection wicks.
Further left, resistance has turned support.
The markets dip caused by Bitcoin whales selling 671m worth of Bitcoin might cause majority to expect a continuous sell, however, the rejection wicks shows strong bullish strength to defend the zone.
I am expecting sideways movement for a day or 2 before upward movement on ETHUSDT
Further left, resistance has turned support.
The markets dip caused by Bitcoin whales selling 671m worth of Bitcoin might cause majority to expect a continuous sell, however, the rejection wicks shows strong bullish strength to defend the zone.
I am expecting sideways movement for a day or 2 before upward movement on ETHUSDT
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.
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.