My basic analysis, I am still learning :)
The red rectangle is a key resistance area: from 1100 to 1160.
Two hours ago ETHUSD did not reach this resistance area and it pulled back a little but it is even possible to enter this area in the next hours.
I think that if ETHUSD does not enter this area, it could fall to the bullish support line and then it will retest entering the resistance area.
So:
Scenario 1 (red one). It could fall lower than the bullish support line and then it could reach the 800-900 area.
Scenario 2 (green one). It could fall only to the bearish resistance line and then pull back and enter resistance area. Here it could oscillate for a moment and then it will brake this area with high probability. This way it will move to mayor resistance area (1350-1400).
The red rectangle is a key resistance area: from 1100 to 1160.
Two hours ago ETHUSD did not reach this resistance area and it pulled back a little but it is even possible to enter this area in the next hours.
I think that if ETHUSD does not enter this area, it could fall to the bullish support line and then it will retest entering the resistance area.
So:
Scenario 1 (red one). It could fall lower than the bullish support line and then it could reach the 800-900 area.
Scenario 2 (green one). It could fall only to the bearish resistance line and then pull back and enter resistance area. Here it could oscillate for a moment and then it will brake this area with high probability. This way it will move to mayor resistance area (1350-1400).
Nota
It looks like this is a bearish flag. What do you think?Pesanan dibatalkan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.