$ETH Price Prediction 08/21/2023
A slight breakout positions ETH briefly above short-term EMAs before dropping back within pattern.
Supports remain around 1650/descending extension (upper green) but may not be enough to maintain zone.
A drop towards the assumed LT ascending outlier (lower green) is expected if price struggles to push back above 50EMA or the red critical fails to hold.
Note that the symmetric support trendline may still be adjusted based on upcoming PA.
tradingview.com/chart/gDBkksfy/
*** Sorry guys for missing yesterday's post! Something came up and I thought I submitted but apparently not :(
Supports remain around 1650/descending extension (upper green) but may not be enough to maintain zone.
A drop towards the assumed LT ascending outlier (lower green) is expected if price struggles to push back above 50EMA or the red critical fails to hold.
Note that the symmetric support trendline may still be adjusted based on upcoming PA.
tradingview.com/chart/gDBkksfy/
*** Sorry guys for missing yesterday's post! Something came up and I thought I submitted but apparently not :(
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