ETH/USDT did exactly how I was expecting in my previous analysis.
It did bounce from its support but as we know ETH is very weak, so it keeps dropping.
I expect it to go sideways a little bit and then retest $3500 zone. We'll see how it holds.
Anyway I expect this week candle to close RED, I'm very bearish on ETH/USDT.
And as usual - please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)
It did bounce from its support but as we know ETH is very weak, so it keeps dropping.
I expect it to go sideways a little bit and then retest $3500 zone. We'll see how it holds.
Anyway I expect this week candle to close RED, I'm very bearish on ETH/USDT.
And as usual - please DON'T LIKE and DON'T FOLLOW me if you don't like my idea :)
Note
The leg up was exactly the way described in the idea. However we'll see how it reacts on $3950 support before going lower.
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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.