In my analysis, the FED’s interest rate decision and how liquidity will shape as a result will determine the future of the market. I believe the likelihood of a FED rate cut will increase in the next meeting. However, I expect a period of stability in the market before the meeting. In other words, I think this will lead the market into an accumulation phase within...
On the chart, we observe that the ETH/USDT pair is moving within a descending channel and is trading below the 20, 50, 100, and 200-day moving averages. This view confirms that the overall trend is weak. The areas highlighted in red are Order Block (OB) zones where heavy institutional buy/sell orders were executed in the past. In particular, the $2160 level on...
Above the 0.8213 level, I will consider buying goods, but you can also buy from the support of the channel. It would be ridiculous to buy this coin before the volume comes. Therefore, it is necessary to wait. I will keep an eye on RSI-ADX and Fib levels. If the volume rises, it will make a good exit. This bull flag will work then.