Etherium got rejected at the top of Symmetrical Triangle and now we need to see the new candle appearance. There was and there could be some fake breakout on upward at 1220 - 1250 but still there are less chances for this. If Etherium breaks triangle to downside at 1080 properly and can hold it then it main support is at 1000.
Overall 1073 - 1292 is its moving area from last 15 days. Etherium should hold its main support of 1000 otherwise it can retest 700 area. Most of the big whales want to buy it at low price and over all market scenario is also bearish . Sellers will wait for some pump to enter in the market.
Weekly Chart
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Bear flag in weekly chart is going very fine as per plan and right now its showing more down. If you see the weekly chart then you can get idea that how much down it can go.
ETC-USDT
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This chart is also in right direction and if Etherium will be down then it can retest 12 - 13 and from here you can enter to buy this coin.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Overall 1073 - 1292 is its moving area from last 15 days. Etherium should hold its main support of 1000 otherwise it can retest 700 area. Most of the big whales want to buy it at low price and over all market scenario is also bearish . Sellers will wait for some pump to enter in the market.
Weekly Chart
----------------
Bear flag in weekly chart is going very fine as per plan and right now its showing more down. If you see the weekly chart then you can get idea that how much down it can go.
ETC-USDT
------------
This chart is also in right direction and if Etherium will be down then it can retest 12 - 13 and from here you can enter to buy this coin.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!