ETH - Sentiment and Structure
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At a time last year sentiment felt very similar after a large correction, many calling for lower prices, yet we went up. We have consolidated for long enough at these prices.
I used the "Bars Pattern" tool to take the part of the chart highlighted in the circle and overlay it with the recent prices action. Obviously, this is just a generalized idea of where price may go.
I used the "Bars Pattern" tool to take the part of the chart highlighted in the circle and overlay it with the recent prices action. Obviously, this is just a generalized idea of where price may go.
Nota
The September 2020 correction from $500 to $300 -> a 40% drop.May 2021 correction from $4400 to $1700 -> a 60% drop.
Although it is a much larger correction, I wanted to see lower prices sooner, the consolidation feels like bull market continuation.
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.