🔥Giving you guys this quick and concise yet important Ethereum TA so here's what we're looking at right now. On the 4 hour chart we can see that Ethereum has already exited our MAIN WEDGE and we're right back at that $1400 support point basically which is basically that liquidity zone as we see these big orders hitting to find and determine the next directional flow of things.
🔥Should we continue further down and out of the Main Wedge, below that $1400 support which has been so pivotal during these low's, we could be looking at some rough weather for a bit. The next point below that is $1300 with $900 following in suit. It's a big drop I understand but we could definitely revisit that should we fall and not find and support which we need to find soon if we want to reenter that Main Wedge and continue back on track with things.
🔥We're at a pretty important time this week with price action and what happens next can definitely impact what we'll be looking at the coming weeks so set those price alerts for $1400 and below, anything above that will be taken as what it is and simple price action but below is where we'll really need to be on guard and consider what may possibly play out. I don't want to see that scenario take place and for now will take whatever we get except for $1400 and under which we just don't want to deal with.
🔥Gonna leave the idea here for now but watch those EMA's on the shorter time frame and refer to this idea whenever you'd like using the play button so you've got something to refer to with yesterday's idea being linked below as well. If you'd like to leave a like or follow it'd be much appreciated of course! Simply offering what I can here as always, thank you.
~ Rock '
🔥Should we continue further down and out of the Main Wedge, below that $1400 support which has been so pivotal during these low's, we could be looking at some rough weather for a bit. The next point below that is $1300 with $900 following in suit. It's a big drop I understand but we could definitely revisit that should we fall and not find and support which we need to find soon if we want to reenter that Main Wedge and continue back on track with things.
🔥We're at a pretty important time this week with price action and what happens next can definitely impact what we'll be looking at the coming weeks so set those price alerts for $1400 and below, anything above that will be taken as what it is and simple price action but below is where we'll really need to be on guard and consider what may possibly play out. I don't want to see that scenario take place and for now will take whatever we get except for $1400 and under which we just don't want to deal with.
🔥Gonna leave the idea here for now but watch those EMA's on the shorter time frame and refer to this idea whenever you'd like using the play button so you've got something to refer to with yesterday's idea being linked below as well. If you'd like to leave a like or follow it'd be much appreciated of course! Simply offering what I can here as always, thank you.
~ Rock '
