Hi guys, hope you are all safe and healthy.
We saw a lot of crypto's making a huge bearish move last week, but had not enough supply to hold. We see an overall bearish market structure forming and can expect ETH to go even lower.
As you can see, I pulled out my FIB and Volume profile to see where price is likely to go to push even down further. We can see Demand is exactly at the 0.79 level and POC on the volume profile.
We are going to wait for a BOS on the lower timeframe when entering the zone, so we can grap some MASSIVE RR.
What are your thoughts on ETH? Bull or Bear? Or you just HODL?
We saw a lot of crypto's making a huge bearish move last week, but had not enough supply to hold. We see an overall bearish market structure forming and can expect ETH to go even lower.
As you can see, I pulled out my FIB and Volume profile to see where price is likely to go to push even down further. We can see Demand is exactly at the 0.79 level and POC on the volume profile.
We are going to wait for a BOS on the lower timeframe when entering the zone, so we can grap some MASSIVE RR.
What are your thoughts on ETH? Bull or Bear? Or you just HODL?
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Guides: www.sonarlab.io/knowledge-base
