ETH view update
NFA, DYOR.
Last time ETH was forming a POTENTIAL right shoulder and did not break to the downside.
Now, we are forming a similar pattern as the last time before the crash.
I do not say it will repeat exactly as before, but this is an interesting view from my angle.
Double regular bearish divergence on the 4H timeframe just under the main pivot point 1727$, and strong supply zone from the previous high.
Possible liquidity grabbing before the FED meeting.
Stay safe.
Last time ETH was forming a POTENTIAL right shoulder and did not break to the downside.
Now, we are forming a similar pattern as the last time before the crash.
I do not say it will repeat exactly as before, but this is an interesting view from my angle.
Double regular bearish divergence on the 4H timeframe just under the main pivot point 1727$, and strong supply zone from the previous high.
Possible liquidity grabbing before the FED meeting.
Stay safe.
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.