Ethereum headed down to $400-$500. Buying opportunities ahead.
We've hit a weekly timeframe support level which price seems to be have a hard time going though. Dropping down to the 1-hour chart I've drawn in several tools to help determine best for my next course of action and that's to wait for ETH can reach the $400-$500 again so I can buy up.
Price since hitting the weekly resistance zone has present price reaction in a bearish patter as you can see within the channel in purple I've drawn in. Steam seems to be running out so I anticipate a quick drop down into my demand zone and then possibly moving back up from there.
I would love to hear your thoughts guys on this and let me know if I could add anything. Much love and peace to all of you.
Price since hitting the weekly resistance zone has present price reaction in a bearish patter as you can see within the channel in purple I've drawn in. Steam seems to be running out so I anticipate a quick drop down into my demand zone and then possibly moving back up from there.
I would love to hear your thoughts guys on this and let me know if I could add anything. Much love and peace to all of you.
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