ETH/USDT Must test lows. Or make new lows!

23 Nov 2022

ETHUSDTETHUSD
ETHUSD

In my opinion, ETH should follow its correction and test the low, maybe even renew lows.

In this last upward movement we had some divergences for price and volume.


The price is also trading in the resistance zone allied with the EMA 200, a dangerous zone to look for buys.

In my view, this movement is just a pullback to continue the downward movement, on the intraday the initial objectives are to fill the GAPs.

ETH 8h already has an interesting bar at the EMA 21, the loss of the low should accelerate selling.


🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that together with the community we can discuss tactics and operational techniques.

🔹 Would you like to ask any questions, take that doubt? Feel free, I'll be happy to help.

29 Nov 2022

Catatan

I still believe in a corrective movement and here I see another configuration for SHORT.