CoinStudio

ETHUSDT: Next Reaction Most Important Since December 2018

BINANCE:ETHUSDT   Ethereum / TetherUS
The next reaction - not necessarily a single move - will be very likely a defining one for Ethereum .

A reaction on the previous pump to the upside would bring us finally into a zone with way less resistance at $133 USD levels.
The old resistance would act as very strong support and make it more likely to get up further.
At this point, we would NOT YET have a higher high! Keep that in mind in case you would like to call this bear's end.

On the downside however, things are not looking good. If we see a reaction to the downside below $100, we will be back in the double-bottom territory at $80 USD, with the last strong support that we got left.

If the downside at $80 USD gets broken, too, we should see even more strong downside moves, panic sells and the final finally capitulation.

However, I wouldn't bet on an upside reaction that we are back in the bull market as we are still lacking the macro-trend's higher highs. But have a better chance to get there due to less resistance.
CoinStudio - Automated Cryptocurrency Price Indicators & More!
Visit Our Discord: https://discord.gg/ZrQWPNf
Correction: with NOT YET having a higher high I mean the macro trend's higher high. A local higher high we will get in the scenario above, of course.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out