TradingView
KlejdiCuni
Feb 4, 2022 11:08 AM

ETHUSDT: Update | Did The Bearish Movement END? Long

BINANCE:ETHUSDT1D
Ethereum / TetherUSBinance

Description

⋅
ETHUSDT: Update | Did The Bearish Movement END?

All is valid as shared below in the previous analysis:

At the end of October-21, the price broke out from the previous structure high previously reached at the end of May 21 at 4358.

This time the price rose to 4800.

Many market participants were expecting a larger price increase.

What happened is that the price tested again the low level of the structure near 2160 on 21-Jan-22.

Now the price seems to have ended the bearish move and we can see the start of the next uptrend.

The last and strongest resistance will be found again near the top of the model near 4780.

Targets:
🎯 3223
🎯 3833
🎯 4783

Thank you and Good Luck!




Previous analysis:

Comment

⋅
You may also like KCS price development:)

Trade closed: target reached

⋅
Harmonic PatternsWave AnalysisBeyond Technical Analysis
Comments
CobraVanguard
⋅
Very good Idea. Thank you!
UnknownUnicorn4127247
⋅
Lovely work
Thank you !
MarsSignals
⋅
I think your first resistance will hold. Because our first resistance is also close to your area and if our resistance is broken, the price should make a double-bottom according to your pattern.
MarsSignals
⋅
Perfect chart.
UnitedSignals
⋅
Thank you for posting
VasilyTrader
⋅
What is your SL recommendation and why?
dz4mb8byrt
⋅
It seems as though Eth is slowing down around the descending resistance of $3000-$3100 usd. Wondering if I should hold at the moment or sell?
MarsSignals
⋅
@dz4mb8byrt, Agree
Helical_Trades
⋅
Great pattern
Thanks for your time ...
KlejdiCuni
⋅
@Helical_Trades, You're welcome.
More