EthereumShort
ETHEREUM (ETH/USD) AT $190 AGAIN
4H CHART EXPLANATION:
We observe in the 4H Chart that price is on a Descending Channel since the beggining of the Downtrend. It has recently broken the Support Zone, and did a pullback towards it to continue the downside move. We now expect a retest of the previous zone at $190 where a double bottom will be formed and may be a rejection.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
We observe in the 4H Chart that price is on a Descending Channel since the beggining of the Downtrend. It has recently broken the Support Zone, and did a pullback towards it to continue the downside move. We now expect a retest of the previous zone at $190 where a double bottom will be formed and may be a rejection.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.