ETH at the crossroads❌

2022年1月21日

Ethereum just dropped to strong support level 2780-2650. It's confluence of trendlines and market structure. Let's see if it holds. If not another support is 2050-1950.

ETHBTC also at long-term uptrendline support.


I rather expect bounce than breakdown.

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

2022年1月31日

註釋

Price went through the 2780-2650 zone (former support, now resistance) and trendlines confluence like hot knife through butter. Getting back above them would be bullish🐂

2022年2月3日

註釋

Price backtested the previously broken uptrendline (yellow) and got rejected. Let's see if the lower edge of the falling wedge (changed color to orange) will provide any support.

2022年2月5日

註釋

So the lower edge of the falling wedge (orange) served as launchapad and ETH tried to break up once again and suceeded - price just closed back above the yellow uptrendline and that 2780-2650 resistance (now support). Next hurdle being the upper edge of the falling wedge (orange), strong resistance expected. Price to range between these levels?

2022年2月7日

註釋

Here we are ... at the orange downtrendline resistance. I rather expect pullback to yellow uptrendline & 2780-2650 support.