ETHUSDT is ready to rebound after a false breakout
The momentum is linked to news manipulation. Resistance at D1 3370 successfully halted the movement. A repeat retest failed to change the situation, with bears holding this line.
In addition, the coin is making a false breakout of the upward resistance line, which is likely to provoke a correction to the zones of interest 3090 - 3000.
Scenario: keeping the price below 3350 may form a reversal setup and provoke a correction down.
In addition, the coin is making a false breakout of the upward resistance line, which is likely to provoke a correction to the zones of interest 3090 - 3000.
Scenario: keeping the price below 3350 may form a reversal setup and provoke a correction down.
Trade active
Trade closed: target reached
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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.
❤️ Telegram channel: t.me/AndeWave
Disclaimer
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.