Salaam
It seems the correction going to end after a 50% retrace of the movement from 1730.
It's only one scenario, ETH could retrace some deeper.
Be aware of the opposite scenario too.
Breaking the descending trend line in the m5 chart would be a good trigger for a long.
good luck
It seems the correction going to end after a 50% retrace of the movement from 1730.
It's only one scenario, ETH could retrace some deeper.
Be aware of the opposite scenario too.
Breaking the descending trend line in the m5 chart would be a good trigger for a long.
good luck
Komen:
Also, check high volume in the 1835 area.
Komen:
Going below 1830 will neglect the bullish scenario and the next support is 1800.
Komen:
In case ETH returns to bullish, it will be about 2500 only in a few days.
*Just my opinion
*Just my opinion
Komen:
To show that the bear move ended, ETH needs to make a new Higher High in m5.
So it needs to rise directly to 1890-1900 without any impressive correction.
So it needs to rise directly to 1890-1900 without any impressive correction.
Komen: