I believe that in the long term, ETH is still within a bullish channel. However, short term I believe that we may return to a demand zone or at least have a fibonacci retracement before more bullish movement.
TL;DR, short term bearish, long term bullish. I am looking to buy in the demand zone, as drawn.
TL;DR, short term bearish, long term bullish. I am looking to buy in the demand zone, as drawn.
Note
A daily candle close between the marked price, will be a good indicator for me that the bearish short term is in effect:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.