ETHUSD: Reaching Exhaustion Point with Potential Drop
Hello there!
The price has reached exhaustion for the HL of (B) to the break of (A) high for the lower low at the 1038 region, marking the point of interest to the lower low (poi-ll), a resitance level to the current candle, which is level 3018.61.
So, the price could pulse up into the supply zone or simply drop from this current candle due to the resistance level it met. Either way, the 2791.48 level is the only level of interest, it needs to break.
A break below that level will potentially indicate a bearish price continuation toward 2295.08 as the first price target down to 2090.10 for a bias of 1750.
Happy Trading,
K.
The price has reached exhaustion for the HL of (B) to the break of (A) high for the lower low at the 1038 region, marking the point of interest to the lower low (poi-ll), a resitance level to the current candle, which is level 3018.61.
So, the price could pulse up into the supply zone or simply drop from this current candle due to the resistance level it met. Either way, the 2791.48 level is the only level of interest, it needs to break.
A break below that level will potentially indicate a bearish price continuation toward 2295.08 as the first price target down to 2090.10 for a bias of 1750.
Happy Trading,
K.
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