InvestMate 💲 Ethereum Declines Ahead 💲
💲 Ethereum Declines Ahead
💲 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
💲 Ethereum, like Bitcoin and the rest of the key cryptocurrencies, struggled to generate a new upward momentum that could take us to higher levels. Which ultimately contributed to declines that I believe could turn into a larger downward correction. All thanks to the withdrawal of investors from assets with a higher risk profile in fear of further increases in the US dollar. In my opinion, this is just the beginning of declines that could last up to a week or two.
📉 The scenario I'm playing out is to wait for the end of the downward correction to join the continuation of the increases. 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
💲 Ethereum, like Bitcoin and the rest of the key cryptocurrencies, struggled to generate a new upward momentum that could take us to higher levels. Which ultimately contributed to declines that I believe could turn into a larger downward correction. All thanks to the withdrawal of investors from assets with a higher risk profile in fear of further increases in the US dollar. In my opinion, this is just the beginning of declines that could last up to a week or two.
📉 The scenario I'm playing out is to wait for the end of the downward correction to join the continuation of the increases. 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. 🚀
Note
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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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💲 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.