ETH WEEKLY OUTLOOK TREND ANALYSIS🦏
Ethereum never broke our weekly lows.
This always means were still in a uptrend, after that we came all the way back and even made a little downtrend but never broke the low.
From that pricepoint buyers have woken up and broke the weekly ATH structure.
From that point we start to make a weak bearish pullback and in the bullish reversal of the pullback.
We then see a doji candle which means that we do not know where to go, after that candle we got a nice bullish candle what was the start of an NEW ATH.
I am know waiting for a pullback to the doji area to go LONG.
This always means were still in a uptrend, after that we came all the way back and even made a little downtrend but never broke the low.
From that pricepoint buyers have woken up and broke the weekly ATH structure.
From that point we start to make a weak bearish pullback and in the bullish reversal of the pullback.
We then see a doji candle which means that we do not know where to go, after that candle we got a nice bullish candle what was the start of an NEW ATH.
I am know waiting for a pullback to the doji area to go LONG.
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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.