ETH/BTC looks bearish near important structure
Diupdate
just now
hello guys hope you doing well
in my previous ETH analysis I mentioned that price looks bearish
price was rejected by trend line and I mentioned that it is probably going the bearish path
now near this important support there is now sign of buying pressure and we have bearish consolidation
if we drop and close below this zone next strong support is purple box
on the daily we close below 45 days lowest close this is now good sign
if you look it is similar to a distribution pattern
for ETH/USDT
it is also consolidating near important support look like a bearish flag
green dots are important just like red dots that we can't break
if we break these dots ETH will be in trouble
hello guys hope you doing well
in my previous ETH analysis I mentioned that price looks bearish
price was rejected by trend line and I mentioned that it is probably going the bearish path
now near this important support there is now sign of buying pressure and we have bearish consolidation
if we drop and close below this zone next strong support is purple box
on the daily we close below 45 days lowest close this is now good sign
if you look it is similar to a distribution pattern
for ETH/USDT
it is also consolidating near important support look like a bearish flag
green dots are important just like red dots that we can't break
if we break these dots ETH will be in trouble
Catatan
form my indicator view that I use to identify trend it look still bearish and with some weak buying signals but the price action is not bullish so personally I don't take this trade because it can flip too red quicklyTrade aktif
this is not a good looking chart at allput your stops above the zone now
Trade aktif
ETH/BTC pair back to structure and testing it as resistance Catatan
but ETH/USDT pair pumps suddenly because bitcoin pumps and bitcoin pump was because of the S&P500 and gold pumpif price gets here slowly and with consolidation before I would be bullish now but because it pumped suddenly I remain cautious with crypto right now
I am just watching market for now and do not take any short or long trades
if price get backs to zone and act as support it will be a good sign and a chance to buy in but if it drops below this zone again I promise you that 310 will die violently
use stoploss and dont over leverage because market are volatile now
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