ETHUSDT Analysis June 15, 2022
We are still Bearish on Ethereum, 
ETH, since early April with the signals from the Engineer and the Bear Flag formation. The Horizontal Support Line at ($1,414) and Daily Downtrend Line were both shattered and then continued downward. We are down around 67% since the indicators started at the ($3,500) Resistance Area and down over 75% since the ATH. The Daily Downtrend Line, unfortunately (or fortunately) has a triangle formation at the ($1,414) Support Area but also forms a triangle at the ($725) Support Area (not visible on this chart). Will the psychological level of ($1,000) hold or do we go down further from here? Not Financial Advice...Trade with Confidence and Control.
ETH, since early April with the signals from the Engineer and the Bear Flag formation. The Horizontal Support Line at ($1,414) and Daily Downtrend Line were both shattered and then continued downward. We are down around 67% since the indicators started at the ($3,500) Resistance Area and down over 75% since the ATH. The Daily Downtrend Line, unfortunately (or fortunately) has a triangle formation at the ($1,414) Support Area but also forms a triangle at the ($725) Support Area (not visible on this chart). Will the psychological level of ($1,000) hold or do we go down further from here? Not Financial Advice...Trade with Confidence and Control.
The future of currency and technical trading is here!
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
Related publications
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.