In the last 10 days we saw ETH recovery from 1715 to 2390.
But if we want to forecast it’s future move we have to see how this recovery happened.
- It began strong - $570 in 4 days
- it then continued with a little bit leas strength - $372 in 2 days making a slightly higher high and then another downside move.
- Now it’s going back up, but if there will be an upside continuation we should see a stringer move.
As of right now we don’t see much strength or any buying pressure.
The levels before 2400 present a good opportunity for collecting profits and possibly new entries on a breakout, or after a correction.
But if we want to forecast it’s future move we have to see how this recovery happened.
- It began strong - $570 in 4 days
- it then continued with a little bit leas strength - $372 in 2 days making a slightly higher high and then another downside move.
- Now it’s going back up, but if there will be an upside continuation we should see a stringer move.
As of right now we don’t see much strength or any buying pressure.
The levels before 2400 present a good opportunity for collecting profits and possibly new entries on a breakout, or after a correction.
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💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade