1- According to 3D timeframe chart, it shows sellers are strong and price could go down even more to first support which is $3800. If price can hold this strong support we can hope the uptrend is still powerful.
2- In addition to Fibonacci support and resistance another proof for this idea would be MA20. As you see price can hit the MA20 on the $3800 area.
3- There is no hidden divergence to proof this is the end of correction.
4- No big volume shows it's not a liquidation for another uptrend yet.
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P.S. This is not an advice to buy or sell, that's just an analysis that needs to considered too.
Always make your analysis before a trade.
2- In addition to Fibonacci support and resistance another proof for this idea would be MA20. As you see price can hit the MA20 on the $3800 area.
3- There is no hidden divergence to proof this is the end of correction.
4- No big volume shows it's not a liquidation for another uptrend yet.
--------------------------------------------------------------------------------------
P.S. This is not an advice to buy or sell, that's just an analysis that needs to considered too.
Always make your analysis before a trade.
Trade closed: target reached:
Target almost reached.
Comment:
Finally liquidation appeared on BTC and whole market followed so ETH reached $3800. If it holds above this support we can be hopeful it is just a correction otherwise it's a massive dump to $2600 or $1700.
Trade closed: target reached