Etherum (ETHUSD) supply and demand levels : weekly chart 10/5
Good afternoon traders,
Today I am looking at the supply and demand levels for the most recent ethereum uptrend since its low in 2020 (~88.18). I am NOT a financial advisor, this is simply for entertainment/educational purposes: TRADE AT YOUR OWN RISK.
2020 Low of 88.18 (~3/9/20)---> the following two candles we see the DEMAND AREA being formed between (A 118.63) and (B 123.01) The total demand are is thus 4.38
-----> Trend then reaches a high of around 486.09 around late August,
--------->where price consolidates between 329.96 and 422.97 (92.95 area of consolidation)
From there, uptrend from 11/20 until 2/21, where it consolidates until ~3/21
------>Creates a important level which later will become a demand zone. The uptrend continues until 5/21. High of ~4458
Consolidation occurs from may until appx. 7/19/2021
------> The wicks from the downtrends are seen entering the zone created from the 3/21 consolidation creating a nice demand zone
Supply is reached again, for a resistance level of ~3980.97
Please like and let me know your thoughts! Have a great day traders
Today I am looking at the supply and demand levels for the most recent ethereum uptrend since its low in 2020 (~88.18). I am NOT a financial advisor, this is simply for entertainment/educational purposes: TRADE AT YOUR OWN RISK.
2020 Low of 88.18 (~3/9/20)---> the following two candles we see the DEMAND AREA being formed between (A 118.63) and (B 123.01) The total demand are is thus 4.38
-----> Trend then reaches a high of around 486.09 around late August,
--------->where price consolidates between 329.96 and 422.97 (92.95 area of consolidation)
From there, uptrend from 11/20 until 2/21, where it consolidates until ~3/21
------>Creates a important level which later will become a demand zone. The uptrend continues until 5/21. High of ~4458
Consolidation occurs from may until appx. 7/19/2021
------> The wicks from the downtrends are seen entering the zone created from the 3/21 consolidation creating a nice demand zone
Supply is reached again, for a resistance level of ~3980.97
Please like and let me know your thoughts! Have a great day traders
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.