Another breakout below long-term trendline sends us under 2k and back towards triangular support.
This provides an opportunity at either a consolidated or double-bottom recovery with expected neckline/resistance at 2100.
Considering that we're still holding under 2k bottom recovery could also dip further towards the prior 1900 mark and still be considered valid imo.
Also just a reminder that other than the few trades I've posted I still hold all my
ETH and haven't sold over these past few days.
I believe price remains relatively high given the volatility and growth span since 2020 but I don't expect it to drop back to those levels (300-700) in the end.
I stated earlier that there's potential for 1k with buffer at 750-1150 but that's still considered an extreme.
We've already touched off the next LT trendline as a low and current ST volatility has been high so there's a good chance we could reverse here, even if it's just a ST pump.
This provides an opportunity at either a consolidated or double-bottom recovery with expected neckline/resistance at 2100.
Considering that we're still holding under 2k bottom recovery could also dip further towards the prior 1900 mark and still be considered valid imo.
Also just a reminder that other than the few trades I've posted I still hold all my
ETH and haven't sold over these past few days.I believe price remains relatively high given the volatility and growth span since 2020 but I don't expect it to drop back to those levels (300-700) in the end.
I stated earlier that there's potential for 1k with buffer at 750-1150 but that's still considered an extreme.
We've already touched off the next LT trendline as a low and current ST volatility has been high so there's a good chance we could reverse here, even if it's just a ST pump.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.