ETH-USDT - December 12
Etherium got rejected multiple times at 1300 and can't sustain the rise above its resistance of 1300.
Right now 1230 is its strong support and if breaks then it will go down 1150. If Etherium holds its support and break its resistance of 1342 then 1470 will be its strong resistance which should be broken for further upward movement otherwise it will be down.
There will be volatility in this week because tomorrow there will be CPI data and next day Fed Rates will be announced. I think there will be some upward movement for account liquidation and after that it will be dumped or may be it will not go up and directly move to down.
Weekly Chart
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Bear flag in weekly chart is going very fine as per plan and right now its showing more down. If you see the weekly chart then you can get idea that how much down it can go.
ETC-USDT
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Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
Right now 1230 is its strong support and if breaks then it will go down 1150. If Etherium holds its support and break its resistance of 1342 then 1470 will be its strong resistance which should be broken for further upward movement otherwise it will be down.
There will be volatility in this week because tomorrow there will be CPI data and next day Fed Rates will be announced. I think there will be some upward movement for account liquidation and after that it will be dumped or may be it will not go up and directly move to down.
Weekly Chart
----------------
Bear flag in weekly chart is going very fine as per plan and right now its showing more down. If you see the weekly chart then you can get idea that how much down it can go.
ETC-USDT
------------
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
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.
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.