ETH IS BEARISH (1D TF)
Diupdate
After its climbs, it has formed a descending CH and then turned back up and hunted a resistance order block.
The same hunt has formed a falling trend that seems to continue the fall of Ethereum for the reasons I will say below.
After the hunt, Ethereum has fallen very sharply and quickly and has turned the supportive order block into a resistance swap.
As long as it does not stabilize above the swap range (in the 4-hour or 1-day timeframe), Ethereum can fall towards the green box.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The same hunt has formed a falling trend that seems to continue the fall of Ethereum for the reasons I will say below.
After the hunt, Ethereum has fallen very sharply and quickly and has turned the supportive order block into a resistance swap.
As long as it does not stabilize above the swap range (in the 4-hour or 1-day timeframe), Ethereum can fall towards the green box.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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It reacted to the swap area and then the reject was heavy.
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