$ETH Price Prediction 03/10/2022

Critical resistance held in at 2750 to prevent a breakout attempt back to long-term trendline (solid purple).

Note that the correction low touched off the short-term triangular resistance trendline {3/09} however closes remained above 2600. This is a good sign indicating support strength and a potential reversal (versus bearish breakout if triangular resistance did not hold or if we closed under 2600).

My goal with this post is to reiterate the difference between a candle low and a candle close and how they can aid in determining price action. This is not always a perfect analysis but it does provide another good tool when trading short-term. Also be aware that volatility plays a factor in the period to use; the majority of my posts are on H4 but if price is highly volatile I'll make these analyses off H1 and if it's for long-term growth then D1.