Helical_Trades

ETH/USDT : 3D order block is above and fake engulf is on play !

BINANCE:ETHUSDT   Ethereum / TetherUS
BINANCE:ETHUSDT
Hello everyone πŸ˜ƒ

ETH is showing weakness on daily TF and the repetition can be happen again !
So there we have a 3D order block which is stands at ( $2585 - $2360 ).
And the repetition would be a engulf as a false break on an important level..

For now bulls have this chance to push back above $2278 cause they captured the resistance Earlier.
But based on-chain data ETH might retest the Pressure zone again..
Before that; You can have a buy point at ~$2040, If the break down below $2040 getting confirmed then you can set your bids for a long-term hold at the mentioned buy zone.
SL will be a daily close below 27K on BTC's chart !


Also there is a bearish pivot on ETH/BTC's chart neither :
There is a rejection below resistance zone and the FIBO time is suggesting a bearish pivot for it..
So you can have the ETH on your watchlist to take SHORT on right spot !


I would like to have a look on 4H's chart too :
There is a rising wedge formed on chart above. The pair has reached the lower line for now and there could be a pullback to higher resistances !
That's why I called to have a check on bulls side too..

We'll update the chart once the break down happens and the target for the breakdown is almost 40% drop; So don't rush in any position without conformation.

πŸ“š Have to remind that the volatility is moving into the sell limit zone, So bulls have this chance to show the strength on next day and form the candle as a bullish order block !


Hope you enjoyed our analysis about ETH's possible directionsπŸ™Œ
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Also you can share your opinion with us in comments πŸ˜‰πŸ™‹πŸΌβ€β™‚οΈ

Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades
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Comments

100 coins
Reply
πŸ˜‚πŸ˜‚ this post didn’t age well !! πŸ™ˆπŸš€
+3 Reply
Helical_Trades Cryptomania2363
@Cryptomania2363, Hmm
Some of you guys are blind..
Didn't I mentioned the retest on $2278 ?

And well; There is a engulf on important level.
So the upward movement was expected as I mentioned before !
+1 Reply
anthonysom Helical_Trades
@Helical_Trades, eth bearish imo
Reply
UnpopularCoconut Cryptomania2363
@Cryptomania2363, funny guy
Reply
Nice chart, cheers!
+2 Reply
Helical_Trades VasilyTrader
@VasilyTrader, Thanks mate
Reply
Nice scenario for ETH. thanks a lot
+1 Reply
I have the same view on ETHUSDT
quality stuff!
+1 Reply
good updates and liking the overall analysis from you :) thx
+1 Reply