ETHUSD pair recent development running in the range between 8 days and 30 days MA.
Daily chart small step drop in recent week, trading volume decreased and small.(price drop + volume drop)
Pattern developed:
Maybe it will be repeated a 2-ladder Falling wedge pattern.
A higher high, and lower high developed after first 2-ladder falling wedge.
Said: left hand side first purple channel Chart. Key support is around 1825-1840.(The lower lime line)
The 2nd Purple channel might be the key resistance of the second 2-ladder falling wedge.
Key support is around 1873-1880. (The upper lime line)
Personal record only, not a financial advise.
Daily chart small step drop in recent week, trading volume decreased and small.(price drop + volume drop)
Pattern developed:
Maybe it will be repeated a 2-ladder Falling wedge pattern.
A higher high, and lower high developed after first 2-ladder falling wedge.
Said: left hand side first purple channel Chart. Key support is around 1825-1840.(The lower lime line)
The 2nd Purple channel might be the key resistance of the second 2-ladder falling wedge.
Key support is around 1873-1880. (The upper lime line)
Personal record only, not a financial advise.
Comment:
Continue Rejection by the pressure line(14 hours MA)
Comment:
Kill down to buy.
Maybe will kill down again, it is back to original Range Structure.
Red Zone is a very strong resistance.
Blue Zone is a very strong support.
Professional Buyers might try to kill down again to test Small green box zone, even if drop to test 1760 to 1800(Blue zone). Maybe it might be a very good Long area.
We are ready to buy.
Maybe will kill down again, it is back to original Range Structure.
Red Zone is a very strong resistance.
Blue Zone is a very strong support.
Professional Buyers might try to kill down again to test Small green box zone, even if drop to test 1760 to 1800(Blue zone). Maybe it might be a very good Long area.
We are ready to buy.
