ETH/USD - Bearish price action after failed break of ATH!
ETH failed to break above $4,380 and now its being pushed down towards support... not looking particularly good for bulls in the short term.
Continuation of this pullback may lead to a retest of lower support found around $3,500. For now the support at $3,900 is holding the price. But can it hold longer?
The volume is not encouraging and would suggest we may break the first support level before a new attempt at ATH is made.
Wait for a break of support before taking a position.
Long term ETH should move beyond the current ATH. Just a matter of time. This recent rally was decent enough and a pullback was needed.
Like and follow if you liked this idea!
Continuation of this pullback may lead to a retest of lower support found around $3,500. For now the support at $3,900 is holding the price. But can it hold longer?
The volume is not encouraging and would suggest we may break the first support level before a new attempt at ATH is made.
Wait for a break of support before taking a position.
Long term ETH should move beyond the current ATH. Just a matter of time. This recent rally was decent enough and a pullback was needed.
Like and follow if you liked this idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.