Not financial advice. We've seen Eth on a descending tren marked by the blu line after achieving ATHs on Nov '21. We could see a potential trend reversa after March FED hike announcments.
If we look at the options flow, there's a huge put ratio with strikes pointing to 420ish. That's the volume shelf where we saw a lot of buyers stepping in (blue circle) in the last downtrend. Also, it's the previous resistance to Jun '21 ATHs where a potential double bottom could be formed. Not financial advice.
Tesla rallied after Q4 record deliveries and reversed at the neckline to fill the gap left before the breakout at 1082 and also retest the support of the previous resistance of the descending channel in confluence with the 50 DMA(1072).
TSLA is set to announce their Q4 21' earnings performance on Jan 26th 22' so it could rally until then and just after that we...
