The price is inside a descending channel on 4h and the market is testing the weekly resistance on 2880$. The price had a sharp movement from 3k area
the price is having a pullback after that movement.
How to approach?
If the price is going to have a rejection from the 2950 area, we could see another bearish impulse. the next valid support is on 2770$.
the price is having a pullback after that movement.
How to approach?
If the price is going to have a rejection from the 2950 area, we could see another bearish impulse. the next valid support is on 2770$.
Note
The price is testing the supply zone as I told you, If the price is going to lose the weekly support the next valid support is 2780$Note
The price is following my drawing.MTB and CPS strategies, our students are locking a nice profit even on ETH
Note
The price is following my drawing!7% so far
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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.