bounce zone 40-44k acted as strong support, but only touch and go - no confirmation / test. Weekly downtrend indicated further consolidation needed at this level for resolution.
Current resistance 50-54k
Weekly squeeze momentum indicating additional downside / consolidation period possible next several weeks - also correlated to global markets momentum
RSI and Money flow rounding but still downward trend
Daily price action chop - watch overhead resistance and weekly confirmation of support / resistance flip at 54k for signal of trend reversal.
Short term - neutral
Long term - NUCLEAR BULLISH :D
Appreciate all support and comments!
Comment
Dont worry, nobody else paid attention either!
Patience is a skill.
We are not going anywhere.
Comment
all going to plan now if 40k holds and we get our ETH re-trace holding 3k hopefully we can continue the upward trend for the remainder of 2022. good luck!
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.