The price has fallen back again to the weekly support 1 zone which screams for a buy but here is a bit of confusion I have when I see the BTC chart. BTCUSDT chart is suggesting that it is going down which means further down move for ETHUSDT towards weekly support 2 zone. Or its the other way round, ETHUSDT is suggesting no further down move and so BTCUSDT shall...
ETHUSDT instrument behaving bearish with DXY closed bullish. Crypto has high probability of being next week bearish if DXY went up or stuck at next level support. Instrument also shows clear bearish flag and harmonic AB=CD pattern at 1H TF. Trade with 1% of portfolio with two trades hitting TP1 and TP2.
The price has retraced a bit. However, there is nothing on its way till 2012 and it is likely to retrace till there in this pull back. A short will be favorable from hourly resistance zone and the target should be 2012.
The price is trading under 4h resistance zone. The previous reach of the price to zone was rejected and that was the ideal short entry. I have missed that so I will look to enter around 1866 if price reaches there. The target for this short is the daily support around 1811.
#ETHUSDT The market has the potential for an downtrend after test level 1350$
Sell positions and stop loss should look for on the local market after test
