Hello everyone
In daily chart on ETHUSDT, we can see a steep bear market, so the context is a bear channel, and taking long positions is not recommended, and it's better to trade micro channels if you are a trader.With the long shadows on the daily chart we might get a foundation of a reversal pattern in lower time frames.
For now, the resistance levels are 2150$ and the top of our bear channel and supports levels are 1950$ which is being tested right now,and the key level 1750$.
P.S. : Don't take trades if you are feeling anything.
In daily chart on ETHUSDT, we can see a steep bear market, so the context is a bear channel, and taking long positions is not recommended, and it's better to trade micro channels if you are a trader.With the long shadows on the daily chart we might get a foundation of a reversal pattern in lower time frames.
For now, the resistance levels are 2150$ and the top of our bear channel and supports levels are 1950$ which is being tested right now,and the key level 1750$.
P.S. : Don't take trades if you are feeling anything.