ETH has been rejected from resistance zone and now, Its moving between Trendlines ( This Trendlines are new and Very weak ). Current support line for ETH is 980$, Below it we will retest 900$. Also There's heavy resistance line and resistance zone above 1150$.
Indicators are cooling down, But now we won't take a look at them, We're going to take a look at people's choose ! If ETH reject 900$ support, Then many Traders will set a buy order at 770$ - 720$ zone, As ETH is above 980$, It's extremely bullish... Above 900$ is bullish and below it will make a fall ride till 750$.
🔴 Watch for liquidity crisis ! There are many whales and Exchanges that waiting for a good supply zone to Run a liquidity event. 📍 They will setup a Fake buy order wall for people, to take position and then, They will run multiple Liquidity event !
Attention : this is not a financial advise we just try to help people on their own vision.
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.