#ETHUSDT | DAILY TIMEFRAME UPDATE
In this analysis, we’ll examine #ETH using the monthly and weekly charts:
Today, the price of #ETH experienced a sharp drop, breaking below the previous monthly low and falling further below $3,000.
On the weekly chart, there’s a Fair Value Gap (FVG) between $3,010 and $2,722. This zone is critical for us on higher timeframes, and we’ll need to wait for confirmation before considering any buy positions.
However, if you’re planning to buy without waiting for confirmation, prices below $3,000 may be favorable for mid-term and long-term investments. Just keep in mind, no confirmation has been established yet.
In this analysis, we’ll examine #ETH using the monthly and weekly charts:
Today, the price of #ETH experienced a sharp drop, breaking below the previous monthly low and falling further below $3,000.
On the weekly chart, there’s a Fair Value Gap (FVG) between $3,010 and $2,722. This zone is critical for us on higher timeframes, and we’ll need to wait for confirmation before considering any buy positions.
However, if you’re planning to buy without waiting for confirmation, prices below $3,000 may be favorable for mid-term and long-term investments. Just keep in mind, no confirmation has been established yet.
Trade active
#ETHUSDT | DAILY TIMEFRAME UPDATEThe price of #ETH has rebounded strongly from the weekly FVG, surging 9% so far without any leverage! ⚡️
Personally, I bought ETH below $3,000 and have been booking profits as the price moves higher, while securing my position by setting the stop-loss at my entry point. ✅
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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.
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.