Another rejection at 3200 caused enough momentum to push 
ETH below 3k critical support; look for a possible dip down to long-term trendline (solid purple), new patterns may need to be indicated. Current support is expected around 2800-2850. Watch out for daily convergence.
Although a bearish piercing was prevented off yesterday's D1 close, the candle ended up forming a hanging man reversal pattern off a slight double-top (better seen on H1).
This is typically due to a large sellout and lack of buy-pressure, however based on the length of the lower shadow versus body, this was a difficult call to make imo.
ETH below 3k critical support; look for a possible dip down to long-term trendline (solid purple), new patterns may need to be indicated. Current support is expected around 2800-2850. Watch out for daily convergence.Although a bearish piercing was prevented off yesterday's D1 close, the candle ended up forming a hanging man reversal pattern off a slight double-top (better seen on H1).
This is typically due to a large sellout and lack of buy-pressure, however based on the length of the lower shadow versus body, this was a difficult call to make imo.
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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.