Back to the descending Channel Looking after 2400?? 09/21/2021
Hi Traders
If You fund the chart helpful please support with comment and like,.
please manage your Strategy before entering the market Such As: SL-TP-...
regarding to the ETH I think we are experiencing the Big H&S pattern in the 1D Time frame and we may have another massive correction in coming days until the mid week .
for now we are looking a heavy bearish , Flush correction since the last weekend and yet not finished,.
Since morning ETH trying to clime the heavy resistant at 3087-3124 and many rejection at least 2 rejection, so far we are going to test the lower Line of this suitable descending Channel for ETHERIUM .
At the same time there is not positives news from the indicators at least 15 out of 20 indicators that I work with are showing Sell signal and just 3 Buy Signal And 2 natural.
Next
when I speak about short I mean with 25% of your Capital and money to enter short Position and keep your Rest of ETH locked in the safe for the January 2022.
This is Why we are Going to test 2888 and next support is 2667 which is very strong and may bounce a bit from there if sells pressure are enough to push more further we will visit 2400 and 2200 area not so quick but in slow-motion ( Not Flush).
UPWARD SECNARIO In case Eth manage to clime the first 2 resistant above the current price line then 3262 and 3303 Accumulating zone in the way to face and if some how we manage to escape that zone fast as we are Riding the BOGUTI we can approach the new boundary which makes all of us feel like We are home again before clime for the ATH.
3600 area To 3880 some resistant,.
will update this chart during the this week.
thanks to read all my imagination of the Current week in last week of September.
Good LUCK
If You fund the chart helpful please support with comment and like,.
please manage your Strategy before entering the market Such As: SL-TP-...
regarding to the ETH I think we are experiencing the Big H&S pattern in the 1D Time frame and we may have another massive correction in coming days until the mid week .
for now we are looking a heavy bearish , Flush correction since the last weekend and yet not finished,.
Since morning ETH trying to clime the heavy resistant at 3087-3124 and many rejection at least 2 rejection, so far we are going to test the lower Line of this suitable descending Channel for ETHERIUM .
At the same time there is not positives news from the indicators at least 15 out of 20 indicators that I work with are showing Sell signal and just 3 Buy Signal And 2 natural.
Next
when I speak about short I mean with 25% of your Capital and money to enter short Position and keep your Rest of ETH locked in the safe for the January 2022.
This is Why we are Going to test 2888 and next support is 2667 which is very strong and may bounce a bit from there if sells pressure are enough to push more further we will visit 2400 and 2200 area not so quick but in slow-motion ( Not Flush).
UPWARD SECNARIO In case Eth manage to clime the first 2 resistant above the current price line then 3262 and 3303 Accumulating zone in the way to face and if some how we manage to escape that zone fast as we are Riding the BOGUTI we can approach the new boundary which makes all of us feel like We are home again before clime for the ATH.
3600 area To 3880 some resistant,.
will update this chart during the this week.
thanks to read all my imagination of the Current week in last week of September.
Good LUCK
Trade closed: target reached:
Hi as we all see is not finish yet 2400 touchable
The gigantic smart contract token is trading at $2,875 on Wednesday and toward the end of the Asian session. Overhead pressure shot up significantly after Ether lost the support at the red zone on the daily chart.
Nonetheless, the 100-day Simple Moving Average (SMA) came in handy, preventing bears from doing more damage. With this support in place, Ethereum has started looking toward recovery above $3,000.
It is worth mentioning that if recovery to $3,000 fails, bears may attempt another takeover, this time targeting the green zone near $2,400. The 200-day SMA will also be in line to provide Ethereum with cushioning.
Articles comes from Coin Gape .