Ethereum continues to move in flat - 174 - 190 USD The closing of the last day became bearish. Ticker confirmed the upper boundary of the local bear channel.
At the moment, the distribution of TF is as follows: If we expand the direction of the Thomas DeMark trend by TF, then at the moment we get: Week - flat (a bearish trend is possible) Day is bullish 4 hours - flat
In zone 173 - 182 is the interest of the buyer. Now the price for a pair of ETHUSDt has fallen into the buyer's area; however, we do not see volumes to buy, which is a strong signal to continue the correction. Consequently, a bearish scenario dominates inside the day (red arrows) Critical level (fixing higher will mean the abolition of the bear scenario) - 182.7 USD The lower threshold for the day - 175.5 The upper limit for the day - 184
An alternative scenario - less likely - finding the price sideways, in the trading range of the previous day (marked by grey arrows) The probability of an impulse down is high.
Good luck to everyone and good profits! Regards, Michael @Hyipov
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Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.