Pattern breakout. Is ETH going down?
Today's post is short and sweet - nothing much has changed since yesterday.
Today's pattern, however, is promising a breakout. Macro data says up, micro data says down. It seems that a psychological number of ETH $1550 is a strong anchor and the price was quite stable around that price point ever since Monday!
From my yesterday's post many of you have learned why the price is in such a limbo at the moment. Volume is slightly higher compared to Tuesday and if you will look a bit closer at the numbers - these are additional sell orders. That means that demand is not picking up. Friday may bring a bit more sense of urgency as traders will try to push to close the week with a profit. 💸
Today's technicals:
Position is Neutral (Data Money fans with early access already knows that we have been shorting since ETH $1570 this morning 🤑)
Forecasted high at ETH $1680 and $1700
Mid-way point at $1490 (indicating price recovery)
Forecasted lows at $1490 and $1470
Have fun trading! 🏓
If you would like to have early access to Data Money ETH technical analysis, write what is your favourite Data Money ETH post and why with a link in the comments down below! 🙌
Today's pattern, however, is promising a breakout. Macro data says up, micro data says down. It seems that a psychological number of ETH $1550 is a strong anchor and the price was quite stable around that price point ever since Monday!
From my yesterday's post many of you have learned why the price is in such a limbo at the moment. Volume is slightly higher compared to Tuesday and if you will look a bit closer at the numbers - these are additional sell orders. That means that demand is not picking up. Friday may bring a bit more sense of urgency as traders will try to push to close the week with a profit. 💸
Today's technicals:
Position is Neutral (Data Money fans with early access already knows that we have been shorting since ETH $1570 this morning 🤑)
Forecasted high at ETH $1680 and $1700
Mid-way point at $1490 (indicating price recovery)
Forecasted lows at $1490 and $1470
Have fun trading! 🏓
If you would like to have early access to Data Money ETH technical analysis, write what is your favourite Data Money ETH post and why with a link in the comments down below! 🙌
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.