ETH looks more bearish than a correction however like many of the ALTs we see it dropping at a quicker rate and also we have the BTC dominance shadow overlooking most of the ALTs.
Looking at this chart, I have the ABC correction with two possible targets, $287 which has confluence with the horizontal prior resistance with the bottom trend line in...
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(1D full period chart)
Breaking above the 9.30 point formed an upward trend.
And, by breaking...
ETHUSD Looking Bearish. Distribution Phase Doesn't Seem To Be Done!
Target #1 $310 Failure to Hold will lead to Target #2 $280 which is a strong 200 MA support
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Bitcoin has been pulling the blanket of dominance over itself well for the last week. In general, it was badly reflected on altcoins, they fell or fell very much in price. But not ETH.
ETH is confidently kept above the level $360, which gives hope for another wave of growth.
DeFi projects , which over the previous week were able to renew the historical high...
Based on how it evolved from the breakdown at ~370 that we pointed yesterday
I would expect for a retest of ~325$ level as a potential level where to look for support / bounce...
UCTS indicator bearish across all timeframes from 3D and below..
ETH moves in an upstream channel.
We tested the lower support line and a strong support level. Maybe we will test this level once more.
Medium-term goal: reach the middle line of the upward channel and resistance of the local downward correction channel.
Plenty of exciting opps in the Crypto markets as we dip back into oversold areas drawing an interesting amount of clients to start building full sized positions which likely reflects the underlying view that Cryptos are here for the long haul.
📌 I am looking for this completion leg in BTC to a minimum of $12,000 which will clearly help moving ETH as...