ETHEREUM (Reversed view)
Reversed view gives us another perspective on the markets with a new understanding of chart patterns.
This is the ideal setup I see unfolding with the highest probability at current market action.
As we can see price is approaching the break of triangle as well as the trend line. 2 very strong areas of resistance which will most likely cause prices to fall. I don't currently see enough moment or an indication of price being able to break these 2 barriers, but if it does I could see price hitting $1250.
The only indication of price breaking these resistances are: 1. break of smaller timeframe channel. 2. Inflation rating news "spike" to $1000
Let me know your thoughts below in the comments because I've been analyzing this chart all day and I'll be honest I am lost as to where price will go next.
This is the ideal setup I see unfolding with the highest probability at current market action.
As we can see price is approaching the break of triangle as well as the trend line. 2 very strong areas of resistance which will most likely cause prices to fall. I don't currently see enough moment or an indication of price being able to break these 2 barriers, but if it does I could see price hitting $1250.
The only indication of price breaking these resistances are: 1. break of smaller timeframe channel. 2. Inflation rating news "spike" to $1000
Let me know your thoughts below in the comments because I've been analyzing this chart all day and I'll be honest I am lost as to where price will go next.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.