just now hello guys hope you doing well in my previous ETH analysis I mentioned that price looks bearish price was rejected by trend line and I mentioned that it is probably going the bearish path now near this important support there is now sign of buying pressure and we have bearish consolidation if we drop and close below this zone next strong support is purple box
on the daily we close below 45 days lowest close this is now good sign if you look it is similar to a distribution pattern
for ETH/USDT it is also consolidating near important support look like a bearish flag green dots are important just like red dots that we can't break if we break these dots ETH will be in trouble
Komentarz
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form my indicator view that I use to identify trend it look still bearish and with some weak buying signals but the price action is not bullish so personally I don't take this trade because it can flip too red quickly
Zlecenie aktywne
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this is not a good looking chart at all put your stops above the zone now
Zlecenie aktywne
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ETH/BTC pair back to structure and testing it as resistance
Komentarz
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but ETH/USDT pair pumps suddenly because bitcoin pumps and bitcoin pump was because of the S&P500 and gold pump if price gets here slowly and with consolidation before I would be bullish now but because it pumped suddenly I remain cautious with crypto right now I am just watching market for now and do not take any short or long trades if price get backs to zone and act as support it will be a good sign and a chance to buy in but if it drops below this zone again I promise you that 310 will die violently use stoploss and dont over leverage because market are volatile now
@shayanrez, will 300support level hold this bear trend,crossing 300 would signal end of 750 USD dream for 3 months?
shayanrez
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@nethaji7491, personally I am long term bullish on crypto but not short term moonish
In my opinion bitcoin and ethereum will go up slowly with volatility for next 6 to 8 months
And Real party begins in 2021 this is my view
nethaji7491
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@shayanrez, short bear still didn't hit 300 support level..bull is holding?
shayanrez
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@nethaji7491, 10K for BTC is holding I am watching BTC if it breaks every one expect to fill CME gap and this 9600 zone as support but in my opinion it is going to overshot to 9k even 8.6k and surprise everyone if this important 10K breaks