The pump a few days ago has helped ETH break the 50W MA that it'd been under. That said, we have had almost 9 green candles with signs of exhausting momentum. Price has retraced a lot & one may say that the target is reached.
I see two scenarios:
1. Price continue to go up driven by Sunday whale pump (around 12pm UTC). The $550-$600 zone is where 50D, 200D & 0.618 / 0.5 fibo levels are at. That provides a good dump opportunity that will send the price back down possibly to $360 levels.
2. Price corrects from here and seeks support from 50W MA.
I see two scenarios:
1. Price continue to go up driven by Sunday whale pump (around 12pm UTC). The $550-$600 zone is where 50D, 200D & 0.618 / 0.5 fibo levels are at. That provides a good dump opportunity that will send the price back down possibly to $360 levels.
2. Price corrects from here and seeks support from 50W MA.
Not
bearish divergence; drop soonNot
Not
can't believe how bullish the market has been. will it drop or not?in theory should correct a little, but people are crazy now
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.