Ethereum just dropped to strong support level 2780-2650. It's confluence of trendlines and market structure. Let's see if it holds. If not another support is 2050-1950.
ETHBTC also at long-term uptrendline support.
I rather expect bounce than breakdown.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
ETHBTC also at long-term uptrendline support.
I rather expect bounce than breakdown.
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Comment:
Price went through the 2780-2650 zone (former support, now resistance) and trendlines confluence like hot knife through butter. Getting back above them would be bullish🐂
Comment:
Price backtested the previously broken uptrendline (yellow) and got rejected. Let's see if the lower edge of the falling wedge (changed color to orange) will provide any support.
Comment:
So the lower edge of the falling wedge (orange) served as launchapad and ETH tried to break up once again and suceeded - price just closed back above the yellow uptrendline and that 2780-2650 resistance (now support). Next hurdle being the upper edge of the falling wedge (orange), strong resistance expected. Price to range between these levels?
Comment:
Here we are ... at the orange downtrendline resistance. I rather expect pullback to yellow uptrendline & 2780-2650 support.
