Etherium (eth) update(2) from 1 hour chart
⚠️As the zone discussed in previous update,
Did not make breakout
And breakdown from range created
⚠️That double bottom within zone looked like price was not able to break previous high
⚠️ Let's see how price reacts to 3190-3175 levels (fib 0.6 lvl)
Probability
✍️ it can halt and show reversal from 3190-3175 , which can state about the new higher high on 4 h chart , although no higher high was performed so it's good to be neutral before taking trade,
✍️with ema 9 of day chart this could be the retracement area
Did not make breakout
And breakdown from range created
⚠️That double bottom within zone looked like price was not able to break previous high
⚠️ Let's see how price reacts to 3190-3175 levels (fib 0.6 lvl)
Probability
✍️ it can halt and show reversal from 3190-3175 , which can state about the new higher high on 4 h chart , although no higher high was performed so it's good to be neutral before taking trade,
✍️with ema 9 of day chart this could be the retracement area
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.