Around a week ago, I made an analysis on ETH. In this analysis I argued that the Head & Shoulders pattern was very bullish and making its way to $4k.
In the end, ETH managed to push further towards the ATH around $4375. I was waiting with an analysis to see what the price did in case we faced some resistance.
The ATH is a very strong resistance. Bitcoin made a new ATH yesterday, but ETH failed to do so today, launching the price downward.
In the worst case scenario we're going to re-test
4K in the coming few hours. Not expecting a stronger bearish move anytime soon.
In case you're looking for a nice shorter term entry, keep an eye on the4K level.
Happy trading!
In the end, ETH managed to push further towards the ATH around $4375. I was waiting with an analysis to see what the price did in case we faced some resistance.
The ATH is a very strong resistance. Bitcoin made a new ATH yesterday, but ETH failed to do so today, launching the price downward.
In the worst case scenario we're going to re-test
4K in the coming few hours. Not expecting a stronger bearish move anytime soon.In case you're looking for a nice shorter term entry, keep an eye on the
4K level.Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.