Ethereum analysis with supply and demand levels conducts us to a tight resistance and two important support levels.
Daily analysis shows down trend with correction. However market does not have more correction potential.
After 30$ correction of gold, tensions are decreased in Ukraine. 1850 and 1835 can act as reversal points.
After 30$ correction of gold, tensions in Ukrain are decreased.
Test of support is currently ongoing and the resistance may be in the way of SHIBA.
Possible reaction is demonstrated on chart and there is no decision on market.
H4 view of Bitcoin shows uncertainty. In other words USDT power is still unclear.
Weekly observaion indicates bullish potential in the trend of price.
Despite of low time frame analysis you can observe logic attitude of market. For you making profit and losing your money depend on your trading strategy, that is for market volatility.
Were you be able to use bullish trend of ethereum? R/r of long positions were suitable. Now market is undecided about price levels.
Could you be able to use bullish trend of ethereum? R/r of long positions were suitable. Now market is undecided about price levels.
3085 is the key level that Ethereum should decide about it. Support area mentioned on chart is the final and assumption for end of the correction of price.
30 minutes time frame shows sharp bullish wave in a bearish channel. Therefore yet there is no reversal signal or pattern traders should wait for fate of market.
In each trade you confront with these questions: 1- How much money should i spend? 2-What is the suitable timeframe for me? 3- What is the market polarity?
I do not prefer presuming about future and also analyze in a way which could be a trading signal. Hence use your ideas according to market and your trading system.
Who knows? Instead of anticipation of markets traders use their analysis to some extent. Remember you can not eliminate future resistance or supports pressure on targets or stop losses you use in trades.
1808.91 is the key level of price and combination of bullish and bearish channels indicate down trend of gold with some corrections. Next week pay more attention on gold .