ETH | Potential 🐻 Trap?
Eth is current lingering at a critical support cluster.
Price wicked down passed the 50ema level, indicated strong demand.
Last time we saw break in 20EMA, the 50day acted as critical support and made a higher low, with a stronger continuation. This could be at play here, but whales will have sell offs at random points. So be aware of sudden shake out.
Critical support zones: $1646 - $1652.
If rising wedge support holds we can see a potential test to wedge resistance at around $1760 - $1790.
Below below in wedge support & cluster would indicate potential move further to 1585-1600 area.
Price wicked down passed the 50ema level, indicated strong demand.
Last time we saw break in 20EMA, the 50day acted as critical support and made a higher low, with a stronger continuation. This could be at play here, but whales will have sell offs at random points. So be aware of sudden shake out.
Critical support zones: $1646 - $1652.
If rising wedge support holds we can see a potential test to wedge resistance at around $1760 - $1790.
Below below in wedge support & cluster would indicate potential move further to 1585-1600 area.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.