ETH/USDT Had a nice breakdown here

Hey, traders

Let's get back to ETH/USDT pair again. We got what we waited for - breakdown from ETH trend which has been holding strong for some time. So now we entered to the red zone which resembles our next movement zone and last phase for bearish market (in our opinion).

Be safe there as CPI data will also show some more volatility on the market so we would not suggest you to buy anything before the CPI data will be released.
One thing is sure - we might see some bullish movement at next zones - $800 and $400 which would be our buy zones (Ladder entries)

What are your thought here guys? will the history repeat and when will we move to bullish market?

Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.

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It seems the statement made about "the next bullish movement at the end of 2023 and the beginning of 2024?" was not so far away from the truth.