Ethereum / TetherUSShort
💲 ETH/USDT Moment Before Declines 💲
💲 ETH/USDT Moment Before Declines
💲 Nearest strong support zone: around the fibo 0.5 level of the downward wave.
💲 Nearest strong resistance zone: around recent peaks.
💲 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Downtrend
📊 RSI: Uptrend
💲 Price Action: Ethereum like the rest of the key cryptocurrencies still attempted a slight upward bounce today, but in my opinion this may be the last upside attempt before the coming declines. Looking at how hard Ethereum has struggled in recent weeks, I expect a descent even to a lower support level determined by a cluster of two fibo levels.
📉 The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
💲 Nearest strong support zone: around the fibo 0.5 level of the downward wave.
💲 Nearest strong resistance zone: around recent peaks.
💲 Technical environment:
📊 Moving averages: Uptrend
📊 MACD: Downtrend
📊 RSI: Uptrend
💲 Price Action: Ethereum like the rest of the key cryptocurrencies still attempted a slight upward bounce today, but in my opinion this may be the last upside attempt before the coming declines. Looking at how hard Ethereum has struggled in recent weeks, I expect a descent even to a lower support level determined by a cluster of two fibo levels.
📉 The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.