ETH has fallen after the Merge. We can see that the bearish flag was broken down, in 1D TF.
RSI's trendline was also broken which increases the probability that prices will continue the down direction.
In 1W TF, the previous support (now becoming the new resistance) was lost. Logicaly, ETH would revisit the currect support where I put the final target for this trade.
Here below is the view in 1W TF:
Trade aktif:
TP1 $1220 was hit.
Trading ditutup secara manual:
BTC and the whole market is strong. Better close trade here and wait for a reactivation later.
Trade aktif:
Trade reactivated
Trading ditutup secara manual:
Trade closed because BTC has some early sign to breakout
specially with MFI (to be confirmed)
specially with MFI (to be confirmed)
Trade aktif:
BTC is weak although stock has risen.
Trading ditutup secara manual:
Trade closed waiting for better entry and condition.
