ETH - LOCAL MOVE
To commence, the analysis holds merit only under the circumstances that Bitcoin experiences a decline to $38,000, followed by a rebound to the $45,000 range.
This condition stands as the pivotal prerequisite for the execution of the proposed scenario.
Upon reviewing the chart before you, it becomes apparent that a substantial number of long positions have amassed in ETH, anticipating the onset of the altseason. It would be reasonable to expect the price to traverse within consistent intervals, as illustrated on the chart.
While the altseason has yet to materialize, the potential for its occurrence remains a noteworthy factor influencing the realization of the outlined scenario.
Furthermore, it is essential to acknowledge the presence of robust, non-closed daily and weekly levels up to the $3,200 zone.
Considering these three compelling arguments collectively, the proposed deal appears to be highly favorable.
This condition stands as the pivotal prerequisite for the execution of the proposed scenario.
Upon reviewing the chart before you, it becomes apparent that a substantial number of long positions have amassed in ETH, anticipating the onset of the altseason. It would be reasonable to expect the price to traverse within consistent intervals, as illustrated on the chart.
While the altseason has yet to materialize, the potential for its occurrence remains a noteworthy factor influencing the realization of the outlined scenario.
Furthermore, it is essential to acknowledge the presence of robust, non-closed daily and weekly levels up to the $3,200 zone.
Considering these three compelling arguments collectively, the proposed deal appears to be highly favorable.
Note
ALTERNATIVE:Note
ACTUAL
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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.