Eth has retested our daily resistance. We are expecting a drop still to the low to mid 1000’s. Don’t fall for the bull trap.
Gold has broken through resistance at 1717 and retesting the support at 1707. Our target is 1745.
Gold has been rejected at 1716 from one hr resistance. Look for support at the target above. This should push us up to 1726.
Eth is retesting daily support at 1440. This second retest should now finally push us up to the mid 1700’s. You can catch the short now and long at the target above.
Eth has opened up a new monthly candle today. Our rejection was around the monthly high of 2035. We expect to test the bottom of our wick now around the monthly low. Expect a further drop around the mid to high 1300’s. This is a clear bull trap.
Eth has bounced from a temporary support zone from our 4hr tf in the middle of a down trend. Our next support zone will be at the target above. Daily resistance is currently at 1568 and this should push us further down continuing the downtrend.
Gold has been rejected by resistance on the 30 min tf around 1744. We should have some support from our 1 hr tf at the target above. We should then attempt to rise to 1750.
A pullback is underway with ethereum. We can see a push back up happening due to wick rejection on the 1 hr tf.
Eth is currently in a down trend and it looks like there will be one more push to 1700 possibly in the low to mid 1400’s
Eth has been rejected by daily resistance closing a one wick candle. Our next support zone is at 1564.