Overall, it is still in a small step forwarding bullish.
Possible development next of the ETHUSD pair:
1. Lime Scenario
After cumulation, stand firm above 130 Day MA, then Breakthrough the purple line(160 Log MA), to challenge previous high.
2. Blue Scenario (copy the previous behaviour)
A temp quick dump to Break down(130 Log MA + 120 Log MA) for testing the support, then get throught the puple line.
What it might be? Let's observe it.
Possible development next of the ETHUSD pair:
1. Lime Scenario
After cumulation, stand firm above 130 Day MA, then Breakthrough the purple line(160 Log MA), to challenge previous high.
2. Blue Scenario (copy the previous behaviour)
A temp quick dump to Break down(130 Log MA + 120 Log MA) for testing the support, then get throught the puple line.
What it might be? Let's observe it.
Note
Looks like "Blue Line Scenario" +ing
Note
The expected Quick Dump come....
Note
Closed lower than 700 log MA
General Speaking, it might test 700D and 750D MA again, which it is our target buy zone. (See the Yellow Support Trend Zone)
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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.
Related publications
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.