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💫Happy Holidays! I hope all of your Christmas wishes come true.
✅Ethereum(ETH) managed to form a Three Falling Peaks Pattern near the 🔴Heavy Resistance zone($2,540_$2,300)🔴 and 🟡Price Reversal Zone (PRZ)🟡.
📚What is the Three Falling Peaks Pattern❗️❓
🔸The three falling peaks pattern consists of three peaks and two valleys of give or take equal size. The pattern has a downward slope meaning that each peak is lower than the last, and the same applies to the valleys.
🔸The three falling peaks pattern validly forms when, after the last peak, the price falls below the second valley signaling a market reversal and a large price drop.
🔨Also, Ethereum managed to break the Support line and 🟢Support zone($2,270_$2,245)🟢.
🔔I expect Ethereum to continue its decline towards the next 🟢Support zone($2,167_$2,116)🟢 after completing the pullback to the 🟢Support zone($2,270_$2,245)🟢 and Support line.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💫Happy Holidays! I hope all of your Christmas wishes come true.
✅Ethereum(ETH) managed to form a Three Falling Peaks Pattern near the 🔴Heavy Resistance zone($2,540_$2,300)🔴 and 🟡Price Reversal Zone (PRZ)🟡.
📚What is the Three Falling Peaks Pattern❗️❓
🔸The three falling peaks pattern consists of three peaks and two valleys of give or take equal size. The pattern has a downward slope meaning that each peak is lower than the last, and the same applies to the valleys.
🔸The three falling peaks pattern validly forms when, after the last peak, the price falls below the second valley signaling a market reversal and a large price drop.
🔨Also, Ethereum managed to break the Support line and 🟢Support zone($2,270_$2,245)🟢.
🔔I expect Ethereum to continue its decline towards the next 🟢Support zone($2,167_$2,116)🟢 after completing the pullback to the 🟢Support zone($2,270_$2,245)🟢 and Support line.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze ( ETHUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.