Salaam
It seems the correction going to end after a 50% retrace of the movement from 1730.
It's only one scenario, ETH could retrace some deeper.
Be aware of the opposite scenario too.
Breaking the descending trend line in the m5 chart would be a good trigger for a long.
good luck
It seems the correction going to end after a 50% retrace of the movement from 1730.
It's only one scenario, ETH could retrace some deeper.
Be aware of the opposite scenario too.
Breaking the descending trend line in the m5 chart would be a good trigger for a long.
good luck
Note
Also, check high volume in the 1835 area.Note
Going below 1830 will neglect the bullish scenario and the next support is 1800.Note
In case ETH returns to bullish, it will be about 2500 only in a few days.*Just my opinion
Note
To show that the bear move ended, ETH needs to make a new Higher High in m5.So it needs to rise directly to 1890-1900 without any impressive correction.
Note
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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.