Almost same analysis we have to BTC. We understand that BTC controls the market. So, if we can get a push to the upside from BTC we'll definitely get a reversal to the upside on ETH. ETH is currently around our horizontal and vertical support areas with multiple rejections showing. If we see a push to 2374.4 we can then see a little retracement then we push to the...
Update on my last analysis. on BTC. I expect a push to the upside as long as our resistance area is not broken. As we can see on the chart we are currently on various support areas( Horizontal and vertical). I expect a reversal from the third touch to the upside.
BTC currently at the third touch of our supply zone. I expect a bounce from that zone to the upside. Overall we can call the chart pattern a bullish rectangle in which we expect a strong push upward. target 1 40k, target 2 52k, target 3 64k. This analysis is based on the current price, where we see a break of support zone then we can see price drop to 15k region.
price is in a descending channel with LH and EL. Weekly rejection with a bearish pin bar at diagonal resistance. There is a possibility of price pushing down further.
