OUR SHORT TERM OUTLOOK ON ETH/USD (DAILY, 4 HOUR, 1 HOUR - analysis)
- i used white path lines to represent our thoughts on incoming days
- due to past/incoming news we will most likely take direction to downwards
- price reached 4h demand zone (1445-1474) after Friday speech
- we have broken support at 1552 which could be retested & price would continue to drop to our next 4h DZ (1356-1395) where it could react , if not we are going to see ETH to test lows at 1318
- if price continues to rebound & fill gaps (imbalance) upwards price will face strong daily DZ (1653-1722) and also 1H DZ sitting below at 1624 area
- we have sitting liquidity above daily DZ, which could be taken by simple LQ grab or by breaking those equal highs, than we could potentially see price pushing towards 1821-1883 area where we will see what happens
FEEL FREE TO COMMENT & DISCUSS
LB
LAZYPIPS
- i used white path lines to represent our thoughts on incoming days
- due to past/incoming news we will most likely take direction to downwards
- price reached 4h demand zone (1445-1474) after Friday speech
- we have broken support at 1552 which could be retested & price would continue to drop to our next 4h DZ (1356-1395) where it could react , if not we are going to see ETH to test lows at 1318
- if price continues to rebound & fill gaps (imbalance) upwards price will face strong daily DZ (1653-1722) and also 1H DZ sitting below at 1624 area
- we have sitting liquidity above daily DZ, which could be taken by simple LQ grab or by breaking those equal highs, than we could potentially see price pushing towards 1821-1883 area where we will see what happens
FEEL FREE TO COMMENT & DISCUSS
LB
LAZYPIPS