ETH/USDT (Current situation)
Closing today will be crucial for determining the future movement in the near future. For ether, at the moment, the key marks are $ 2560 (the border of the mirror level, previously it was support, now there is resistance) and $ 2620 (yesterday's high).
In case of absorption of the previous daily candle, the balance of forces will change in favor of the bulls, at the same time, the shadows of the candles of the last two days hint at the implementation of this scenario. A wide flat has every chance to continue indefinitely, we see how the market moves from the stops of sellers to the stops of buyers, but it is impossible to trade without protective orders, at any moment the development of a trend movement can begin, and there is a risk of incurring uncontrollable losses in case of sitting out the movement against the direction of the open position.
If we return to the $ 2600 + zone, then it is quite likely that we will go to the upper flat line with the possibility of a false breakdown $ 3000 +
ETHBTC cross still maintains long structure.
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In case of absorption of the previous daily candle, the balance of forces will change in favor of the bulls, at the same time, the shadows of the candles of the last two days hint at the implementation of this scenario. A wide flat has every chance to continue indefinitely, we see how the market moves from the stops of sellers to the stops of buyers, but it is impossible to trade without protective orders, at any moment the development of a trend movement can begin, and there is a risk of incurring uncontrollable losses in case of sitting out the movement against the direction of the open position.
If we return to the $ 2600 + zone, then it is quite likely that we will go to the upper flat line with the possibility of a false breakdown $ 3000 +
ETHBTC cross still maintains long structure.
If you liked my idea, follow me for more 🚀
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Penafian
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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.