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RLinda
Jul 5, 2022 6:31 AM

ETHUSDT ! Rollback to resistance. Will we keep falling? 🙈 Short

Ethereum / TetherUSBinance

Description

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ETHUSDT worked out the support level perfectly, a false break was made and a long consolidation above the 1050 level, after which a pullback is formed.

There are two key zones on the chart at 1264 and 1165.5, if the lower one for the price is weak and not liquid enough, then Ethereum will go to the resistance range, where a resistance zone and a liquidity zone are formed.

I assume that the price will fall along the trend, we look at the price reaction to the levels I have indicated. The short term goal is to support the 1050 range.

Sincerely, R. Linda!
Comments
JoeChampion
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i agree, based on the fed current monetary policy, stock and cryptos are to drop!
yonsfx
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Appreciate it Linda
SwallowPremium
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Doing a great job RLinda, thanks for sharing!
BKTradingAcademy
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Nice analysis! Great work always!
Vibranium_Capital
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awesome analysis!
FieryTrading
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Perfect, thanks!
ProjectSyndicate
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yeah bulls unable to gain any solid edge above 1200 usd
MonoCoinSignal
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Logical setup
P_S_trade
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Working chart, thanks
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