hello guys.
Trendline Break: Ethereum has broken below a significant ascending trendline, signaling potential bearish momentum.
Engulfing Pattern: The price shows a bearish engulfing pattern after breaking the trendline, indicating further downside could be ahead.
Next Target Zone: Price action suggests that Ethereum could target the next support area around $2,300, which aligns with the 0.66 Fibonacci retracement level, as shown in the purple zone.
RSI Divergence: Previous highs displayed a bearish divergence on the RSI, reinforcing the bearish sentiment after the recent top.
Bearish Continuation: A retest of the broken trendline near $2,410–$2,450 is possible, but a failure to reclaim it could lead to further downside.
Trendline Break: Ethereum has broken below a significant ascending trendline, signaling potential bearish momentum.
Engulfing Pattern: The price shows a bearish engulfing pattern after breaking the trendline, indicating further downside could be ahead.
Next Target Zone: Price action suggests that Ethereum could target the next support area around $2,300, which aligns with the 0.66 Fibonacci retracement level, as shown in the purple zone.
RSI Divergence: Previous highs displayed a bearish divergence on the RSI, reinforcing the bearish sentiment after the recent top.
Bearish Continuation: A retest of the broken trendline near $2,410–$2,450 is possible, but a failure to reclaim it could lead to further downside.
Note
it is toward the nest purple area:
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended exchange: promote.mexc.com/a/64IZV8fu
____
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.