hello guys
As shown in the picture, we see a channel in this currency
But Ethereum could not break this channel validly.
The bottom of the channel shows us the price of $1,700, which can be a nightmare for short-term investors
But it is a great opportunity for banks and long-term investors
We should also note that Ethereum managed to take a very high price node at $2390.
https://www.tradingview.com/x/USiQyfjp/
Also, if we draw from the historical ceiling of Ethereum to the lowest price of a fibo, we will find that the price indicator has reacted to the 0.6 retracement line.
https://www.tradingview.com/x/ioTObQNN/
By examining the two important indicators that you can see in the picture above, we see a divergence and capital outflow from this currency
In general, my opinion is that the price can go down to the areas of 2100-2030.
And if there is no support from buyers in these areas, there is a possibility of testing the bottom of the channel.
As shown in the picture, we see a channel in this currency
But Ethereum could not break this channel validly.
The bottom of the channel shows us the price of $1,700, which can be a nightmare for short-term investors
But it is a great opportunity for banks and long-term investors
We should also note that Ethereum managed to take a very high price node at $2390.
https://www.tradingview.com/x/USiQyfjp/
Also, if we draw from the historical ceiling of Ethereum to the lowest price of a fibo, we will find that the price indicator has reacted to the 0.6 retracement line.
https://www.tradingview.com/x/ioTObQNN/
By examining the two important indicators that you can see in the picture above, we see a divergence and capital outflow from this currency
In general, my opinion is that the price can go down to the areas of 2100-2030.
And if there is no support from buyers in these areas, there is a possibility of testing the bottom of the channel.
Trade active
Due to the fact that the price could not stabilize at the top of the channel and a higher ceiling was not registered, we can expect the price to fall to the range of 2100-2150.
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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.
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.