Looks like ETH is testing historical resistance.
Reasons to be bullish: Daily RSI near 20s, trend line support, no overwhelming sell volume, inverted HnS forming on the 4H chart
Reasons to be bearish: A common bear flag forming on the 4H chart, BTC inverted cup and handle forming on the daily. Last time BTC dragged ETH all the way down. I'll take a short or long position once we either break 410-20 with huge volume or fall through 360.
The market looks very uncertain, makes it hard to take any kind of a position right now.
Reasons to be bullish: Daily RSI near 20s, trend line support, no overwhelming sell volume, inverted HnS forming on the 4H chart
Reasons to be bearish: A common bear flag forming on the 4H chart, BTC inverted cup and handle forming on the daily. Last time BTC dragged ETH all the way down. I'll take a short or long position once we either break 410-20 with huge volume or fall through 360.
The market looks very uncertain, makes it hard to take any kind of a position right now.
Nota
Mean historical support, sorry about that. What might happen: Inverse HS complete and we hit 10 DMA only for a one last washout to low 300s.
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.